ALTO advises Orlen VC on EUR 10m investment in an Irish company Invert Robotics

ALTO once again advised Poland’s largest corporate venture capital fund, Orlen VC, a vehicle for finding innovative solutions around the world. This time, the Fund invested in an Irish company Invert Robotics – during the investment round EUR 10m funding was obtained from the Fund and existing shareholders.

Invert Robotics is a technology company producing NDT robotic inspection crawler platforms. It manufactures equipment for remote inspection of containers, tanks, pipelines and any confined or hazardous spaces. The company together with its capital group operates in several jurisdictions around the world (Irish, Dutch, German, New Zealand and US). Some of the most recognisable global brands, such as Roche, Bayer, Nestle, Danon or KLM and AirFrance can be found among Invert’s clients.

As communicated by Orlen VC in its press release, the new investments, will support, both directly and indirectly, the effective implementation of the Orlen group’s long term strategy and will contribute to building value for all of its stakeholders.

ALTO team provided support in the preparation and negotiations of the transactional documentation and conducted due diligence, while at the same time coordinating work of Irish advisors, i.e. law firm Dillon Eustace and financial and tax advisors PKF O’Connor, Leddy & Holmes.

ALTO team was led by Rafał Kozłowski (Counsel & Attorney-at-law, Head of M&A/VC) with the support of Jędrzej Besztak (Associate), Szymon Tyniec (Associate & Advocate), Natalia Zynwala (Associate & Advocate) and Aleksandra Traczuk (Junior Associate).