CMS advised all funds and other investors – including T. Rowe Price Investment Management, Inc., who led the transaction, Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management & Research Company, Foxhaven Asset Management, and Radcliff – in connection with the new investment round of approximately €612 million in Bending Spoons S.p.A., a global leader in the development and commercialization of mobile applications.
CMS acted with a team led by Partner Massimo Trentino and composed of Senior Associate Valerio Giuseppe Daniele and Junior Associate Carlotta Scuccimarra, with Counsel Giulio Poggioli advising on regulatory matters.
The transaction follows the €155 million round completed in February 2024, in which CMS had already advised Baillie Gifford and Durable Capital Partners.