The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised LGT Group, the largest Private Banking and Asset Management group in the world to be owned by an entrepreneurial family, on the financing round in the aviation start-up Lilium GmbH. Other lenders include the Chinese internet company Tencent and the Atomico and Obvious Ventures technology funds. In total, Lilium was able to complete a second round of financing of US$ 90 million.
The investment will be used for the development of the five-seat Lilium Jet which will fly commercially, as well as to grow the current Lilium team.
A Milbank team led by partner Peter Nussbaum comprehensively advised LGT Group as lead counsel on corporate law in relation to the investment.
Advisor LGT Group: Milbank, Tweed, Hadley & McCloy LLP
Peter Nussbaum (lead), Dennis Seifarth, Karen Frehmel-Kück (all Corporate/M&A, Munich)
