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Daimler $175 million investment in Taxify

4/6/2018
Financing, Financial investment
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$ 175 million

Announced

4/6/2018

Overview:

  • Daimler has made a $175 million investment in Taxify.
  • The deal is part of Taxify's funding, which aggregates to $1 billion.
  • Daimler has expanded its ride-hailing portfolio with this investment.
  • The borrower company is operating mainly in Africa and Eastern Europe.

Katrin Kostadinova - Data analyst

Jurisdictions:

Estonia
Latvia
Lithuania

Deal types:

Financing
Financial investment

Practice areas:

Banking
M&A

Governing law:

Estonia

Industry sector:

Transport

Firms:
Bowmans

Party: Daimler (Investor)

Lawyer: James Westgate

Ellex Raidla

Party: Daimler (Investor)

Lawyer: Risto Vahimets

Jeantet

Party: Daimler (Investor)

Noerr

Party: Daimler (Investor)

Lawyers: Alexander Hirsch, Alexander Birnstiel, Barbara Kusak

Sorainen

Party: Taxify (Borrower)

Lawyer: Toomas Prangli

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