PLMJ advises venture capital fund Critical Ventures I on management buy-out of Critical Materials

PLMJ recently acted for the venture capital fund Critical Ventures I - Fundo de Capital de Risco, managed by Critical Ventures – Sociedade de Capital de Risco, S.A., in the deal to sell the entire shareholding held by the Fund in Critical Materials to Critical Materials’ current management team.

With the completion of this operation, Critical Materials has been re-launched under the brand Stratosphere. It is now fully independent, but retains its existing management team.

Critical Ventures establishes partnerships with entrepreneurs that develop innovative technologies with the potential to be disruptive in global markets. In turn, the Critical Ventures I fund is intended to support entrepreneurs in their early stages with know-how, and strategic guidance. It also provides access to a unique ecosystem of technology companies to help build future pioneering companies with the capacity to influence new markets.

Critical Materials is a leader in structural health management solutions in international markets such as aerospace, defence and energy. Its customer base includes Airbus, the European Space Agency (ESA), Curtiss-Wright, GE Power, EDP Renováveis and NOS.

The PLMJ team that worked on this operation was made up of Bárbara Godinho Correia, a partner in the Corporate M&A and Private Equity practices, and Pedro Gaspar da Silva, a senior associate from the same practice areas.