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CMS Advises Porsche on New EUR 500 Million Investment Round for Rimac

CMS Advises Porsche on New EUR 500 Million Investment Round for Rimac

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CMS has advised Porsche on a new EUR 500 million investment round into Rimac that also included, among others, Softbank and Goldman Sachs as new investors. Reportedly, Kunstek Halle & Simac, working with Latham & Watkins, advised Rimac on the deal.

Rimac Automobili is a Croatian electric supercar maker and technology group. Last year, CMS and Kunstek Halle & Simac advised on the formation of a joint venture between Rimac and Bugatti (as reported by CEE Legal Matters on July 8, 2021). An interview featuring both CMS and KHS about the legal work on the Rimac-Bugatti combination is available here.

The CMS team included Partner Marija Zrno-Prosic, Senior Associate Karmen Sinozic, and Lawyers Mario Vrdoljak and Iva Grgic.

Editor's Note: After this article was published Savoric & Partners informed that it had advised Softbank and Goldman Sachs on the deal, working with lead counsels White & Case and Linklaters, respectively.

The Savoric & Partners team advising on the Softbank investment was led by Partner Nina Radic Kuzik, while the firm's team advising Goldman Sachs was led by Partner Mia Lazic.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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