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DEAL NOTE: Crowell & Moring Advises BayWa Venture GmbH in YoFix Probiotics Investment

Firm News | 1 min read | 12.06.21

San Francisco – December 6, 2021: Crowell & Moring represented BayWa Venture GmbH, the investment and collaboration arm of BayWa AG (BYW:Xetra) in its investment in the Israeli start-up YoFix Probiotics’ $3.5 million second financing round.  YoFix Probiotics produces alternatives to milk and dairy products such as yogurt and porridge, using oats, lentils, sunflower seeds, sesame and coconut in place of milk.  YoFix Probiotics is BayWa Venture’s third investment in the field of alternative proteins so far this year.  The transaction was led by senior counsel Mark Kass (Washington) with support from partner Jon O’Connell (San Francisco) and counsel Matt Pelnar (San Francisco).

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Firm News | 1 min read | 03.11.25

Crowell & Moring Represents Nuclear Energy Startup Atomic Alchemy in its Acquisition by Oklo

March 11, 2025: Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, announced on March 5, 2025 that it has closed the $25 million acquisition of Crowell client Atomic Alchemy Inc. (“Atomic Alchemy”), a leading innovator in radioisotope production. Oklo intends to use this strategic acquisition to establish a more reliable domestic supply chain for high-value radioisotopes critical to healthcare, research, and defense sectors and provides synergies to Oklo’s fuel recycling and nuclear energy businesses. Demand for radioisotopes is expected to increase significantly over the next decade, while global supply struggles to keep pace due to aging reactor infrastructure and a fragmented global supply chain, which at present is dominated by countries outside the United States. Atomic Alchemy intends to be a low-cost U.S. radioisotope producer that can provide a secure and domestic supply of radioisotopes to U.S. companies commercializing innovative radioisotope applications. With its proprietary VIPR® technology, Atomic Alchemy is building the first scalable production facility to provide a reliable, sustainable source of high-value radioisotopes. Using a vertically integrated model and fuel recycling, in partnership with Oklo, Atomic Alchemy is transforming isotope production to address global shortages, support critical applications, and strengthen national security. The core deal team included Samuel Holland Edwards, Jon O’Connell, Justin Lurie, and Ryan Flynn....