Raue comprehensively advised Tau, the Turin-based e-mobility and advanced materials venture, on its Series A-financing round led by a EUR 4.5 million investment of German specialty chemicals company Altana.
With Altana’s investment, Tau intends to accelerate product development in the field of electric mobility and electrical insulation materials and strengthen its team. In return, Altana will receive a board seat and Altana’s division Elantas will enter into a joint development agreement with Tau.
Raue advised Tau on the Series A-financing and the joint development agreement, including the corporate, tax and IP aspects of the project. Raue also coordinated the international aspects of the transaction, which involved several jurisdictions, working with the law firms Fladgate in the UK and Portolano Cavallo in Italy.
Focused on applications for automotive, energy and agriculture, Tau makes protective coatings for copper, aluminum and steel wire more durable, resistant and light. Tau’s proprietary DryCycle and LILIT technologies meet the demands of electrical automotive engineering for ever smaller, lighter and yet more powerful and reliable electric motors. DryCycle technology offers higher performance, greater sustainability and stronger reliability in wire enameling. By using only solvent-free polymers, DryCycle reduces the production of harmful VOC during the coating process and lowers carbon dioxide emissions. Tau has offices in Turin (Italy), Moscow (Russia) and Berlin (Germany).
About ALTANA Group
ALTANA is a global leader in specialty chemicals. ELANTAS is a leading manufacturer of insulating and protective materials with focus on the global electrical and electronics industry. ELANTAS products can be found in electric motors, household appliances, cars, generators, transformers, capacitors, digital cameras, wind turbines, computers, lights, circuit boards and sensors, helping product developers to build smaller and more powerful electronic devices, thus saving materials and energy.
(16 March 2020)