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m law group advises Doughty Hanson in further investment in Odersun AG

29.01.2008

m law group advises Doughty Hanson Technology Ventures in further clean tech investment in solar company Odersun AG, Frankfurt/Oder.

Doughty Hanson’s investment is part of the series B financing round of Odersun AG, in which an international syndicate consisting of among others Virgin Green Fund (San Francisco), Doughty Hanson (London), AGF (Paris) and PCG Clean Energy & Technology (LaJolla) provide equity capital for establishing a second solar factory of Odersun AG. Consolidated with public subsidies of ILB, Bandenburg, the total volume of the financing round well exceeds EUR 50 mio.

Odersun AG develops and produces solar cells of any size and capacity without using silicon, by producing copper-indium-disulfide on copper strip (CISCut) by using the so-called “role-to-role” procedure.

m law group advised Doughty Hanson on all aspects of the transaction. The same team had already advised Doughty Hanson in its Series A investment in Odersun AG. Even after the Series B financing Doughty Hanson remains the biggest shareholder of Odersun AG.

Counsel to Doughty Hanson:
m law group: Rainer Kreifels, Dr. Johannes Maidl

Counsel to Virgin Green Fund:
GleissLutz, München, Frankfurt, Berlin: Dr. Ralf Morshäuser, Dr. Matthias Müller, Christiana Schweinitz (all corporate), Dr. Arne Ibbeken (IP), Dr. Burghard Hildebrandt (environmental, subsidies)

Counsel to PCG Clean Energy & Technology:
Hammonds, München: Dr. Michael Hoffmann, LL.M.

Counsel to AGF:
Inhouse: Nicolas Chaudron

Counsel to Odersun:
Bird&Bird, Düsseldorf, München: Dr. Stefan Gottgetreu (lead, corporate), Moritz Petrikowski (corporate), Dr. Jörg Witting (subsidies), Daniela Kinkeldey (IP)

Practice Area: Start-up & Venture Capital
Industry: Cleantech