O’Melveny & Myers LLP advised Egeria, a leading Dutch mid-market private equity house, in the fundraising of Egeria Private Equity Fund IV. The fund achieved a first and final close in December 2012, taking just under three months to finalise all legal negotiations. The fund was oversubscribed at its €600 million (US$780 million) cap.
Caroline Huyskes, partner at Egeria, said: “We’re very fortunate to have received such a universal show of confidence from both existing and new investors, which has allowed us to reach our fundraising goals so quickly. We’re very motivated at this opportunity to build on our current successes and to continue to back and grow market-leading Dutch businesses. Despite a continuing difficult global economic environment, we continue to see attractive opportunities in the Dutch mid-market.”
O’Melveny’s London-based team was led by partner John Daghlian and counsel Angela Yung. The O’Melveny team also included associates Aleksander Bakic (London) and Iain McConachie (London) as well as legal trainees Feni Ajumogobia (London) and Edward Mason (London). Partners Jan Birtwell (London) and Luc Moritz (Los Angeles), counsel Bryan Kelly (Los Angeles) and associate Rachel Moon (London) advised on tax. Counsel Chris del Rosso (Newport Beach) advised on ERISA matters.
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. Examples include representing ECM Equity Capital Management GmbH in German Equity Partners IV; ISIS Equity Partners in ISIS V LP and Turk Ventures Advisory Limited in Turkish Private Equity Fund III LP, all of which were heavily oversubscribed. Other funds which have held closings this year include 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 successful fundraising for Coller International Partners VI (“CIP VI”) which raised US$5.5 billion, as well as the acquisition by a CIP VI financed fund of a portfolio of private equity-related investments from Lloyds Bank Group plc which, at approximately £1.03 billion, is believed to be the largest unsyndicated secondaries deal ever completed.
