Mourant, a law firm-led professional services business, has advised CVC Capital Partners on the largest ever buyout fund by a private equity firm.
The Mourant Jersey-based Investment Funds team worked alongside lead counsel Simpson Thacher & Bartlett LLP to advise CVC Capital Partners, one of the world’s leading private equity and investment advisory firms, on the launch of CVC Capital Partners IX, CVC’s ninth flagship fund, which is intended for private equity investment in Europe and North America.
The fund closed with commitments of €26 billion, exceeding its €25 billion target, making it the biggest buyout fund in history. The fund received commitments from a global investor base of over 450 investors.
The Mourant team was led by Felicia de Laat alongside Alex Henderson (partner), Rachel Fowler (counsel), Sally Müller (senior associate) and associates Kieran Sharman, Max Sturt and Steph Devine. The team also worked in collaboration with colleagues in the wider Funds, Finance and Corporate teams.
Felicia de Laat, who led the Mourant Investment Funds team on the fund launch, said: “We were delighted to assist with the establishment of CVC Capital Partners IX alongside Simpson Thacher & Bartlett as lead counsel.
“This was obviously a very significant project for us. The sheer size of the fund and the number of investors showcases the depth and capabilities of our Funds team, and we are proud to be one of the advisers involved with its successful launch. We would like to congratulate CVC on this latest success as they continue to showcase their strength in the market.”