Milbank Advises Scalable Capital on Investment by BlackRock
MUNICH, June 22, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the Munich start-up Scalable Capital on an investment by the major asset manager, BlackRock. BlackRock is participating in Scalable Capital with €30 million, leading the new financing round, alongside existing investors HV Holtzbrinck Ventures and Tengelmann Ventures. BlackRock has taken a significant minority equity stake in Scalable Capital to help them grow their business with financial institutions and corporates.