Ashurst advised BlackRock on an ARR based growth financing for the European identity proofing platform provider IDnow. The debt facility made available by funds and accounts managed by BlackRock will enable IDnow to continue its strong growth and to leverage its existing market-leading identity platform.
Munich-based IDnow is a leading European identity proofing and digital identity platform provider. Founded in 2014, the company serves over 900 sector-leading enterprise customers across multiple verticals with coverage of 195 countries. The company intends to use the financing to scale investments across a range of strategic initiatives including the introduction of new identity proofing solutions, continued geographic expansion and potential acquisitions.
The Ashurst team was jointly led by partner Dr Matthias Weissinger and counsel Dr Philipp Vorbeck. They were assisted by associate Yasaman Zargar as well as senior transaction lawyers Ena Selimbegovic and Ariana Fazlic (all Global Loans). Advice on tax law aspects was provided by partner Dr Anders Kraft and senior associate Dr Susanne Knoch. Counsel Martina Rothe advised on corporate law.
Ashurst’s German banking and finance practice advises both banks and alternative lenders, private equity investors and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lending.