Lawyer Monthly Magazine - February 2020 Edition

ADVISER INTERVIEW Bitmovin’s EIB Venture Debt Financing Bitmovin GmbH, a subsidiary of Bitmovin Inc US, has received a loan of up to EUR 20 million from the European Investment Bank. Cooley served as the US law advisor to BItmovin. EIB was advised by Duane Morris and Schoenherr. Bitmovin Inc US issued a warrant for the loan to the EIB. The Herbst Kinsky team included Attorneys at Law Florian Steinhart and Carl Walderdorff. The Cooley team was led by Partner Michael McGrail. The Duane Morris team included Partners Nanette Heide and Bruce Jurist and Associates Xiu Ming Gao and Kristen Lin. The Schoenherr team was led by Partners Martin Ebner and Thomas Kulnigg and included Associate Wolfgang Hellsberg and Attorneys at LawManuel Ritt-Huemer, Maja Petrovic, and Marco Thorbauer. TRANSACTION REPORT This announcement appears as a matter of record only Bitmovin’s EIB Venture Debt Financing Legal advisers to Bitmovin GmbH: Legal advisers to EIB: What attracted you to work on this deal? I was very excited to work on this financing transaction with EIB, which is a lending institution owned by the European Union’s member states. This investment is part of the strategy and mission of EIB and the EU to focus on investments that will create jobs and growth. Second, it was an Nanette Heide Nanette Duane Morris Transactions Bitmovin’s EIB Venture Debt Financing 64 WWW.LAWYER-MONTHLY.COM | FEB 2020 The deal reflects the EU’s broad desire to support investments that will create jobs