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.

Scalable Capital is one of Europe’s fastest growing digital investment managers and has already gathered over €250 million in assets from over 6,000 retail clients, and has established a leading proposition with strong demand from financial institutions and corporates. The firm has seen strong growth in the UK and Germany and has now the ability to expand its offering even further across the continent.

A Milbank team led by Norbert Rieger comprehensively advised Scalable Capital on corporate and finance law in relation to the investment.

Norbert Rieger (Corporate/M&A, Munich), Andrea Eggenstein (Corporate/M&A, Frankfurt, joint lead), Mathias Eisen (Finance, Frankfurt)