Magnusson advises London-based VC fund Venrex in Danish investment

Magnusson is pleased to have advised Venrex, a London-based international venture capital fund, in a recent significant investment in the Danish market.

Led by Magnusson Denmark Managing Partner and Head of Corporate M&A, Sam Jalaei, the Magnusson Denmark team advised and assisted as local legal counsel for Venrex, an early-stage venture capital fund manager primarily backing technology-enabled businesses in consumer industries. The target was advised by another well-known Danish law firm, and we thank them for a very pleasant and efficient cooperation.

With offices in New York and London, Venrex has been an early backer of success stories including Charlotte Tilbury, Revolut, 365Scores, Orlebar Brown, Opus Energy and Maven Clinic, and early investors in Rippling.

In this deal, Magnusson conducted a legal due diligence of the local target, provided the accompanying report, and assisted Venrex in reviewing, negotiating and drafting the transaction documents, including the shareholder agreement and investment agreement. Furthermore, Magnusson Denmark advised on other relevant Danish law aspects of the deal.

Magnusson’s assistance in this deal showcases our strength in advising VC funds from common law jurisdictions enter Scandinavia through complex multi-jurisdictional transactions requiring corporate and VC tech expertise in the Danish market and full-service legal support.