White & Case Advises Verdane on its Acquisition of Shares in Navabi, Careerfoundry and Kyto

Press Release
1 min read

Global law firm White & Case LLP has advised Verdane Capital IX (D) AB and Verdane Capital IX (E) AB (Verdane) on the acquisition of shares in Navabi GmbH, CareerFoundry GmbH and Kyto GmbH from Heinrich Bauer Verlag KG and its venture capital arm, Bauer Venture Fund I GmbH & Co. KG. The parties have agreed to not disclose the volume and details of the transaction.

Verdane had acquired further shares in Navabi as part of a capital increase and by purchasing shares of the founders of Navabi and virtual shares, together with the purchase of the Bauer shares, now holds over 30% of the shares in Navabi.  

Verdane funds provide flexible growth capital to fast growing software, consumer internet, energy or high-technology industry businesses. Verdane manages €1.2 billion of funds and has invested in over 300 holdings over the past 15 years. Verdane Capital runs offices in Copenhagen, Helsinki, London, Oslo and Stockholm.

Navabi is a global leader in plus size fashion. The online retailer curates and creates high quality plus size fashion collections.

CareerFoundry is a leading online community for career change, dedicated to educating the next generation of tech talent. It offers courses in UX Design, Web Development, UI Design and iOS Development.

Kyto is an international software-as-a-service provider that supports industrial companies by digitalizing their marketing activities. Kyto manages trade directory and market platform entries and offers individual search engine marketing.

The White & Case team was led by partner Dr. Matthias Kiesewetter (Hamburg) and partner Henrik Wireklint (Stockholm) and included partner Dr. Justus Herrlinger (Hamburg), local partner Dr. Lars Petersen (Hamburg),  and associates Moritz Müller-Buttmann  and associate Julia Cornelius (both Hamburg).

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