Milbank LLP has advised funds advised by LEA Partners GmbH and TA Associates on the combination of Chaos group and Cylindo ApS.
Chaos group, a 3D visualization platform recently formed through the combination of Enscape Holding GmbH and Chaos Software OOD also advised by Milbank, is a global leader in visualization technology that empower artists and designers to create photorealistic imagery and animation across all creative industries.
Cylindo is a 3D product visualization platform for commerce. Powering four quintillion product variations and 18 million unique users per month, Cylindo is the catalyst that drives delightful shopping experiences, helping retailers and brands show more and sell more of their products.
The combination enables Chaos group to further build on its vision of creating a leading end-to-end 3D visualization ecosystem. Together, Cylindo ApS and the Chaos group will continue to democratize visualization, making 3D, AR and VR content more accessible to everyone.
Cylindo ApS will continue to operate as an independent brand collaborating closely with the Chaos team. All Cylindo services and solutions will continue to be developed and offered. Cylindo ApS’s 164 employees will continue to operate from offices in Boston (USA), Copenhagen (Denmark), Bitola (North Macedonia), and Skopje (North Macedonia). The acquisition now brings the Chaos group joint workforce to approximately 700 employees across the globe.
The Milbank team that advised LEA Partners GmbH and TA Associates in all corporate aspects of the transaction was led by partner Michael Bernhardt (Frankfurt) and included special counsel Michael Pujol (Munich) and associates Sebastian Dexheimer, Johannes Wohlmuth, Steffen Post, Dennis Amiri (all Frankfurt), Julian Jaschinski (Munich, all Corporate/M&A) as well as partner Deborah Conrad (Corporate, LA), special counsel John Garces and associates James Beebe and Courteney Craney (all Corporate/M&A, New York).
