Hogan Lovells advises everphone on USD 200 million financing round

Press releases | 07 December 2021

Led by Frankfurt partners Dietmar Helms and Bianca Engelmann, international law firm Hogan Lovells has advised "phone as a service"-provider everphone on the closing of a financing round. The total volume of the equity and debt financing amounts to USD 200 million.

The equity financing was led by lead investor Cadence Growth Capital and joined by already existing investors Deutsche Telekom, AlleyCorp and signals Venture Capital. The fresh debt capital is provided in form of green loans as part of a warehouse financing structure.

Berlin based startup everphone has been offering a one-stop solution for company smartphones since 2016. With its innovative "phone as a service" concept, it provides companies with solutions for the procurement, the management and the integration of mobile devices such as smartphones and tablets. With the new capital, everphone plans to strengthen a sustainable use of mobile devices and to conserve finite resources such as rare minerals and other elements. In addition, the market share is to be expanded and the process of globalization, staff expansion, product development and the growth of the number of devices, which already comprises more than 100,000, is to be further increased.

Hogan Lovells regularly advises everphone with Frankfurt partner Dietmar Helms on all financing matters, as well as recently on all debt financing issues in this financing round; in particular with regard to the new syndicated loan agreement under which Deutsche Bank AG and The Phoenix Insurance Company are providing up to USD 135 million. Advice on the corporate aspects of the debt financing was provided by a team from law firm YPOG led by partner Benjamin Ullrich.

Hogan Lovells Team für everphone GmbH 

Dietmar Helms (Partner, Capital Markets), Bianca Engelmann (Partner, Banking), Dr. Antonia Wolf (Senior Associate, Banking), Maria Eugenia Fojo (Associate, Banking) (all Frankfurt);

Dr. Florian Putzka (Senior Projects Associate, Capital Markets, Dubai).