Proskauer Advises Gilde Buy Out Partners on €1.1 Billion Fifth Fund

LONDON--()--International law firm Proskauer has advised Gilde Buy Out Partners, a leading European private equity firm, on the successful close of its fifth fund (Gilde Buy-Out Fund V) with a total capital commitment of €1.1 billion.

Gilde Buy Out Partners is one of the most established private equity groups in Continental Europe and closed Gilde V in a single closing on 20 November 2015 at the hard cap of €1.1 billion.

Strong support from existing investors and significant interest from new investors from all over the world made for a swift and successful fundraising. Investors in the new fund are a diverse and well-balanced group of public pension funds, insurance companies, sovereign wealth funds, foundations, family offices and other institutional investors from Europe, North America and the rest of the world.

Ralph Wyss, Chairman of Gilde Buy Out Partners, said that, “We are pleased with the smooth and expeditious process. Proskauer’s hands-on support was critical in keeping to our challenging timeline. The negotiations with investors were handled in an independent manner and Proskauer’s guidance has resulted in a set of balanced documents and satisfied investors.”

“The success of this fundraising and investor appetite for fund V is a reflection of Gilde Buy Out Partners’ longstanding reputation in the market, and evidence that high-performing funds continue to raise capital quickly,” commented Proskauer partner Nigel van Zyl. “Gilde V saw considerable interest from new investors, signalling strong demand for attractive opportunities and continued confidence in the European market.”

This fundraise was led by Nigel van Zyl along with partner Oliver Rochman and included associates Andrew Shore and Antti Lepannen (Corporate). Additional support was provided by a U.S. team that included partners Malcolm Nicholls and Bruce Lieb, and associate Brian Schwartz (Corporate); partner Mary Kuusisto and associates Marguerite Lombardo and Amanda Hellenthal (Tax); and partner Ira Bogner and senior counsel Adam Scoll (ERISA).

Loyens & Loeff acted as Dutch and Luxembourg legal counsel.

About Proskauer

Proskauer is an international law firm recognized for its excellence both in practicing law and serving clients. We are trusted advisors to many of the world’s top companies, financial institutions, investment funds, nonprofit institutions, governmental entities and other organizations across industries and borders. With 700+ lawyers in 13 offices and approximately 50 areas of practice, we have the capabilities, experience and creativity to guide our clients through their most important legal and business challenges. Additional information about the firm can be found at www.proskauer.com.

Contacts

Proskauer
Stefanie Marrone, 212-969-3302
Associate Director of Communications
smarrone@proskauer.com

Contacts

Proskauer
Stefanie Marrone, 212-969-3302
Associate Director of Communications
smarrone@proskauer.com