Kirkland & Ellis has advised Thomas H. Lee Partners L.P. (THL) on a USD 130 Million Series A funding round for KINEXON Beteiligungsgesellschaft mbH (KINEXON). The funding round was led by THL and included BMW i Ventures and Telekom Innovation Pool, Deutsche Telekom’s strategic investment fund, as co-investors.
KINEXON develops state-of-the-art sensing and software solutions for the Internet of Things (IoT). Headquartered in Munich, Germany, the company has grown to more than 300 employees across offices in Munich and Chicago.
THL is a premier private equity firm investing in middle-market growth companies exclusively in the industry groups Financial Technology & Services, Healthcare, and Technology & Business Solutions.
Kirkland regularly advises THL on transactions and financing rounds, including a recent investment in Smile Doctors, as well as the successful IPOs of AutoStore (OSE) and Agiliti (NYSE).
The Kirkland team advising THL was led by corporate partners Attila Oldag and Sebastian Häfele and included corporate partners Ted M. Frankel, Kyle P. McHugh, debt finance partner Alexander M.H. Längsfeld, tax partner Daniel Hiemer, technology & IP transactions partner John Patten as well as corporate associates Thomas Diekmann and Jan Mahlke, debt finance associate Philipp Büchler and tax associate Tobias Stuppi.