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Mourant Ozannes has advised on a €15.5 billion fund – the largest ever fundraising by a European private equity firm.
Working alongside lead counsel Simpson Thacher & Bartlett LLP, the Island firm assisted CVC Capital Partners on the launch of its seventh flagship fund for private equity investment in Europe and North America.
Closing with a hard cap of around €15.5 billion, the fund also received commitments from over 300 investors from across the globe, based mostly in North America, Europe, Asia and the Middle East.
Felicia de Laat and senior associates Rachel Fowler and Matt McManus led the project, alongside other colleagues from Mourant Ozannes’ funds, finance and corporate teams.
Ms De Laat commented that the firm was, “…delighted to assist with the establishment of CVC Capital Partners VII, the largest ever buyout fund raised by a European fund manager.”
“The sheer size of the fund and the number of investors demonstrates the depth of our funds team to manage such a significant project and we are proud to be one of the advisers involved with its successful launch."
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