Please note, your browser is out of date.
For a good browsing experience we recommend using the latest version of Chrome, Firefox, Safari, Opera or Internet Explorer.

Sérvulo advises Nexar on the acquisition of the Portuguese start-up Veniam

NEWS AND EVENTS 05 Aug 2022

SÉRVULO advised Nexar, the Israeli leader in artificial intelligence computing, on the acquisition of Veniam, a Portuguese start-up company engaged in the development of intelligent networking software for the Internet of Moving Things. This was one of the first acquisitions of a Portuguese start-up by an Israeli company, clearly marking the innovation ecosystem in Portugal.

The legal advise to the Israeli company Nexar was led by Sofia Carreiro, partner and head of SÉRVULO's Corporate and M&A department. The team also included Ana Rita Paínho, partner and head of the IP&TMT department, Rita Canas da Silva, partner and head of the Employment Law department, Teresa Pala Schwalbach, partner and head of the Tax department, Margarida Costa Gomes, consultant at the Employment Law departament, Madalena Gonçalves da Silva, associate at the Employment Law department, and Catarina Marques da Silva and Mariana Teles, lawyers at the Corporate and M&A department.

"The transaction stands out due to the IT portfolio, which mostly comprises innovation assets, as well as the multiplicity of jurisdictions involved", highlights Sofia Carreiro, who led this operation.

Sérvulo provided legal advice on all aspects of the transaction, including the incorporation of Nexar's local subsidiary in Portugal, the coordination of legal due diligence in different areas (Corporate, Commercial Contracts, Employment Law and Intellectual Property), as well as the structuring of the transaction.

The transaction involved three jurisdictions, the United States of America, Israel and Portugal.