Greenberg Traurig advised asset management firm Eiffel Investment Group (EIG) on an asset-backed debt financing for IT startup Grover Group GmbH (Grover). The funds managed by EIG provide financing in the amount of EUR 20 million.

EIG is a French asset manager specializing in the financing of European small and medium-sized enterprises. Grover intends to use the capital to finance the growing demand for its rental model for technology products such as smart home devices. Grover's customer base includes, for example, N26 and Deutsche Bahn as well as distribution partnerships with electronics retailers such as MediaMarkt, Saturn, Gravis, Conrad and Tchibo.

Greenberg Traurig advised EIG comprehensively on all legal aspects of the transaction and its structuring.

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