Havel & Partners has advised Photoneo on USD 12 million debt and equity financing from the European Bank for Reconstruction and Development for Brightpick. Bird & Bird advised the EBRD.
Brightpick is a division of Photoneo focused on developing automated robotic systems.
According to Havel & Partners, "the venture debt, amounting to EUR 5 million, is the largest of its kind in Slovakia’s history. The debt financing was provided by the European Bank for Reconstruction and Development’s Venture Capital program, which supports startups, innovative firms, and tech companies." Also, the firm reports that "the investment will support Brightpick’s expansion into the U.S. market."
The Havel & Partners team included Partner Jaroslav Baier, Associates Kristina Saktorova and Miriama Podskubova, and Junior Associate Robert Kosala.
