Solutions

Isar Aerospace

Isar Aerospace is the first European commercial space company to launch an orbital rocket from Continental Europe following the successful lift-off of their first test flight from Norway in March.

Financing

On June 25, 2025, Isar Aerospace signed an agreement with Eldridge Industries for
EUR 150m financing. Eden Global Partners advised Isar.

Objective

Isar Aerospace obtained a financial commitment from Eldridge Industries

  • Proceeds will be used to expand launch capabilities and series
    production facilities near Munich, Germany
  • Investment supports Isar Aerospace in securing European
    access to space

Terms

Convertible bond EUR 150m

Daniel Metzler, Co-Founder and CEO, Isar Aerospace

“We are catering to the rising global demand for satellite launch services and provide global markets
and governments with independent and flexible access to space. This investment demonstrates strong
confidence from global markets in our efforts to build a new space champion.”

Openly

Openly is a remote-first premium homeowners insurance provider. Its centralized platform offers comprehensive coverage, market-leading technology, and exceptional service. Founded by industry veterans in 2017, Openly is dedicated to delivering modern and transparent homeowners insurance and empowering independent agents across America.

Financing

On January 30, 2025, Openly announced a $193 million growth financing round led by Eden Global
Partners, a merchant bank that specializes in providing long-term capital solutions, and Allianz X, the
strategic growth investments arm of Allianz.

Terms

$123 million in equity capital, led by Eden Global Partners
$70 million senior note from Allianz X

Ty Harris, Co-Founder and CEO, Openly

“Our investors’ belief in Openly proves that we made the right decision nearly a decade ago to operate
through independent agents to deliver comprehensive coverage based on homeowners’ unique needs
and circumstances. As we continue to keep our eyes on the future, the partnership with our investors will
go a long way in ensuring we’re able to maintain our position as an innovator and leader in this space.”

David Dwek, CEO, Eden Global Partners

“Eden Global Partners is proud to deepen our partnership with Openly and its leadership team.
Over the past two years of working together, we’ve had the privilege of seeing first-hand Openly bring
to market innovative solutions for both independent agents, who represent the largest channel of
insurance distribution in the U.S., as well as homeowners. We believe Openly is in a prime position to
further expand its homeowners’ insurance offering nationwide, as well as deploy its innovations to
additional lines of insurance. We look forward to working with Openly as they continue to build on their
market leadership and convert the biggest challenges facing the insurance industry today,”