Carey Olsen’s investment funds team in Jersey has advised European mid-market investor Capvis on the final closing of Capvis Equity V LP (Capvis V) at just under €1.2 billion.
The fund which exceeded both its €1 billion target and the €0.7 billion raised by Capvis Equity IV LP,is the latest and largest Capvis flagship fund to have been established in Jersey. Capital for Capvis V came from new and existing investors from around the globe, extending Capvis’ relationships in North America, the Middle East and Asia. Investors in Europe remain well represented and the investor base includes renowned public and corporate pension funds, insurance companies, sovereign wealth funds, asset managers and family offices.
Capvis V will invest in leading mid-sized companies in Switzerland, Germany, Austria, Italy and the Benelux that are know-how and technology driven in the areas of manufacturing technology, engineered products and advanced services. By implementing its value creation oriented approach, Capvis aims to build successful, sustainable businesses and creating global and regional leaders.
The Carey Olsen team advising Capvis on all Jersey legal and regulatory aspects of the fund’s establishment as a Jersey Expert Fund was led by partner Daniel O’Connor and assisted by associate Arindam Madhuryya. They worked alongside lead counsel Latham & Watkins.