iversity has concluded a financing round with Holtzbrinck Digital, the internet-venture branch of Holtzbrinck Publishing Group. iversity is an online platform for online courses that are offered in cooperation with universities, corporations and NGOs. Shortly after the insolvency of iversity became public last month, the management was able to attract a new investor. Hence the business will be saved from the insolvency by a transferring reorganization to a new entity and the business has a long term perspective. However, the transaction is still subject to the approval of the assembly of creditors.
LACORE advised iversity with regard to the financing and the transferring reorganization.
Advisers were: Natalie Vahsen and Ole Nieke (corporate law) and Sven Lochelfeldt (employment law).