News

JŠK and honert + partner advised INVEN CAPITAL on its investment in tado

JŠK and honert + partner represented INVEN CAPITAL, a venture capital arm of ČEZ, in their €20M investment in the German company tado.

INVEN CAPITAL identifies opportunities for investing in innovative cleantech firms in Europe and targets later stage growth opportunities with business models proven by sales and with significant growth potential.

tado is a European market leader in intelligent home climate control. The Munich-based late stage startup provides climate control services to households by controlling heating and air conditioning systems.

INVEN CAPITAL stated: “tado° has impressed us with their proven historical growth as well as their service oriented strategy and INVEN CAPITAL will support their further international expansion. JŠK and honert + partner provided us once again with very professional and time-efficient legal support in a venture capital transaction.”

Tomáš Doležil, who co-led the team on the JŠK side, said: “As with the previous investment in Sunfire we were pleased to advise INVEN CAPITAL on its investment in another prospective technology firm.”

Jörg Schwichtenberg, who co-led the team on the honert + partner side, said: “Small and flexible teams with dedicated and experienced members on both sides made it possible to close the transaction within a very tight schedule. Working with INVEN CAPITAL and JŠK was highly professional but always relaxed.”

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About JŠK
JŠK is a mid-sized law firm delivering services for clients in all areas of commercial law, with particular experience in M&A, finance and banking, insurance, construction, real estate and energy regulation. The firm has been operating on the Czech market for more than ten years and among its clients are respected banks, insurance companies, private equity funds and corporations as well as mid-sized enterprises and investors.
JŠK is a member of a unique network of commercial law firms called PONTES, which includes law firms from most of the Central and Eastern European countries.