GÖRG advises ProGlove on another financing round

Munich, 30.09.2019

GÖRG Partnerschaft von Rechtsanwälten mbB has advised ProGlove, under the lead management of Dr. Christian Glauer, on another financing round of approx. 40 million US dollars (approx. 36 million Euro) with the participation of Summit Partners. ProGlove plans to use these funds to expand its international presence and advance its mission to connect the human worker with the Industrial Internet of Things (IoT).

Advisors ProGlove

GÖRG Partnerschaft von Rechtsanwälten mbB
Dr. Christian Glauer, Associated Partner, (lead), M&A/Corporate, Munich
Dr. Bernt Paudtke, Partner, M&A/Corporate, Munich
Dr. Christian Bürger, Partner, Antitrust Law and foreign economics, Cologne
Dr. Melanie Ries, Associated Partner, IP & IT, Munich
Tobias Reichenberger, Associate, M&A/Corporate, Munich

Legal Department ProGlove
Dr. Bastian July (General Counsel)

Advisors Summit Partners

Sidley Austin LLP
Dr. Jan Schinköth, Partner, Private Equity / M&A, Munich
Erik Dahl, Partner, Private Equity, Munich, London
Dr. Roderic Pagel, Partner, Tax, Munich
Sebastian Walczak, Associate, Private Equity / M&A, Munich
Jörg Fischer, Associate, Tax, Munich

Advisors Bayern Kapital und Wachtumsfonds Bayern

Dentons Europe LLP
Dr. Thomas Strassner, Partner, Private Equity / M&A, Munich
Anja Meier, LL.M. (UEA), Senior Associate, Private Equity / M&A, Munich

About ProGlove 

ProGlove develops industry wearables. The Munich-based company's smart solutions are used by more than 500 well-known customers in manufacturing, production, logistics and trade. ProGlove was founded in December 2014 after winning the Intel "Make it Wearable" Challenge in Silicon Valley. The company is supported by the growth-oriented investors Summit Partners, DIVC and Bayern Kapital. At its two locations in Munich and Chicago, ProGlove employs more than 160 people from over 40 countries.

Über Summit Partners

Founded in 1984, Summit Partners is a global alternative investment company that currently manages more than $19 billion of capital used for growth, bonds and public equity opportunities. Summit invests in growth sectors of the economy and has invested in more than 500 companies in healthcare, technology and other growth indus-tries. Summit has offices in North America and Europe and invests in companies around the world.

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