Summit Partners’ US$68 Million Investment in Lingoda GmbH

Sidley Austin LLP advised Summit Partners on the deal.

Summit Partners announced its US$68 million growth equity investment in online language school Lingoda GmbH. The new funding will support Lingoda’s expansion in new markets and is expected to close in Q2 2021.

The Sidley team was led by Private Equity partner Dr. Jan Schinköth (Picture, Munich), supported by partners Dr. Roderic Pagel (Tax, Munich), Chris Brause (Tax, New York), and Patrick Harrison (Antitrust/Competition, London), and associates Sebastian Walczak, Julius Koblitzek, Valentin Specht, and Dr. Matthias Annweiler (all Private Equity, Munich), Jörg Fischer and Jacob Schreiber (Tax, Munich), and Toni Pitesa (Antitrust/Competition, London).

 

Involved fees earner: Matthias Annweiler – Sidley Austin LLP; Christian Brause – Sidley Austin LLP; Jörg Fischer – Sidley Austin LLP; Patrick Harrison – Sidley Austin LLP; Julius Koblitzek – Sidley Austin LLP; Roderic Pagel – Sidley Austin LLP; Toni Pitesa – Sidley Austin LLP; Jan Schinköth – Sidley Austin LLP; Jacob Schreiber – Sidley Austin LLP; Valentin Specht – Sidley Austin LLP; Sebastian Walczak – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Summit Partners;

Author: Federica Tiefenthaler