The EIB is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
The European Investment Bank provided a loan facility of €40 million to ITM. ITM is a company dedicated to the development, production and global supply of innovative diagnostic and therapeutic radiopharmaceuticals for use in Precision Oncology. ITM will use the fresh funds for investments in research and development of a proprietary portfolio of Targeted Radionuclide Diagnostics and Therapies, addressing a range of cancers such as neuroendocrine tumours and bone metastases.
The EU bank’s loan is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe – the Juncker Plan – under which the EIB and the European Commission are working together as strategic partners and the EIB’s financing operations are boosting the competitiveness of the European economy.
ITM is a long-standing client of Reed Smith and Dr. Justus Binder, who is well known for his expertise on private equity and venture capital transactions, joint ventures and other corporate matters.
Advisors to ITM Isotopen Technologien München AG:
Reed Smith: The legal team led by Dirk-Peter Flor (Finance) and Dr. Justus Binder (Private Equity/M&A) comprised Dr. Andreas Jürgens (Private Equity/M&A), Carmen Delpech (Finance) and Joshua Etspüler (Private Equity/M&A).
In-House Advisors of ITM Isotopen Technologien München AG:
Marc Scharrer (General Counsel)
About Reed Smith
Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. Our belief is that by delivering smarter and more creative legal services, we will not only enrich our clients’ experiences with us, but also support them in achieving their business goals.
Our long-standing relationships, international outlook, and collaborative structure make us the go-to partner for the speedy resolution of complex disputes, transactions and regulatory matters.
For further information, please visit reedsmith.com.
Should you have any questions, please contact our partner Dirk-Peter Flor on +49 (0)69 222289 821 or Emma Lloyd, PR Executive, on +44 (0)11 3341 4914.
