O’Melveny & Myers LLP represented ECM Equity Capital Management GmbH in the final closing of German Equity Partners IV, at €230 million. O’Melveny’s London-based team was led by partner John Daghlian and supported by associates Angela Yung, Lucinda Tse and Jonathan Shelley. The legal negotiations took just under four weeks to achieve first closing.
This is the latest in the extensive range of private equity funds that have achieved closings (in most cases first and final closings within close proximity to one another) that O’Melveny’s London-based team has advised so far this year . In the last three months alone, O’Melveny has assisted Turk Ventures Advisory Limited (Turkven) on the final close of its third Turkish fund, Turkish Private Equity Fund III LP, and ISIS Equity Partners with respect to its fifth major private equity fund, ISIS V LP, which, with German Equity Partners IV, were all heavily oversubscribed. Other funds which have held closings this year are Pera, a first time Turkish fund, and Greensphere, the Jon Moulton-sponsored green fund.
O’Melveny also advised long term client Coller Capital on its agreement with Crédit Agricole S.A. for Coller’s acquisition of the bank’s private equity manager, Crédit Agricole Private Equity (CAPE), together with substantially all of Crédit Agricole’s remaining investments in the funds managed by CAPE. The transaction was announced on December 16, 2011, and was completed in the March 2012.
