Milan, December 11, 2018 – Ashurst assisted the European Investment Bank in one of the first venture debt transactions promoted in Italy, which consisted of a loan of 30 million Euro to Motork S.r.l., a leading company in the digital automotive sector and partner of more than 90% of the car manufacturers operating in Europe, assisted by LEXIA Avvocati.
This is a European Growth Finance Facility operation, with an innovative quasi-equity financing scheme.
Ashurst’s international team, led by partner Franco Vigliano and counsel Simone Egidi, was also composed, for the aspects of Italian law, by Fabrizio Bergo and Arianna Mauri, of the Milan office; and for the aspects of English law, by partner David Carter and associate Shaz Ali of the London office.
Motor K, a scale-up at the forefront of machine learning, artificial intelligence (AI) and big data analysis, was assisted by LEXIA Avvocati with a team composed by its founding partner Francesco Dagnino, associates Andrea Maroni and Alessandro Rossi, and trainee Giorgio Chirieleison, for the aspects of Italian law; and by the London office of Withers for the aspects of English law.
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