P+P advises Inventure on financing round for XOLUTION GmbH
P+P Pöllath + Partners provided legal advice to Inventure Management Pte. Ltd. with regard to a financing round for XOLUTION GmbH, amounting to EUR 45 million. Other investors include Inventages Venture Capital, which was previously the largest shareholder in XOLUTION.
XOLUTION GmbH, headquartered in Munich, is a manufacturer of resealable lids for beverage cans. XOLUTION was founded in 2003 and now also sells its products to the United States, the People's Republic of China and Russia. With this investment, the production capacity will increase to an annual output of over EUR 1 billion.
Munich-based P+P partner Michael Inhester advised Inventure on legal aspects of the financing.