Milbank LLP advised Adams Street Partners on a unitranche financing for Elovade Group, a portfolio company of Verdane. The refinancing closed on November 29, 2024.
Adams Street Partners is a global private markets investment manager with investments in more than 30 countries across five continents. The firm has approximately $61 billion in assets under management across primary, secondary, growth equity, credit, and co-investment strategies. Adams Street has offices in Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, and Tokyo.
Elovade is one of Europe's leading value-added software distributors, focusing on IT security and cloud services. With experts located in Germany, Italy, Sweden, and Switzerland, Elovade supports thousands of IT service providers and system houses across Europe in the sales and implementation of software.
The Milbank team was led by partner Barbara Mayer-Trautmann and included associates Anna Merkl and Ludwig Reißmann (all Finance/Munich).
