Baker & McKenzie Advises on Acquisition of European Private Equity Assets
Deal Announcement
31 August 2011
AXA Private Equity and LGT Capital Purchase HSH Nordbank Portfolio
Global, 31 August 2011 – A cross-office Baker & McKenzie team has advised AXA Private Equity and LGT Capital Partners Ltd on the acquisition of a portfolio of private equity assets from German bank HSH Nordbank. The portfolio includes interests from 47 limited partnerships in European private equity buyout funds worth a total of around EUR620 million.
Baker & McKenzie Private Equity Partner Bruno Bertrand (Paris) who led on the transaction commented, "We are delighted to have been involved with this deal. It demonstrates that the secondary transactions market continues to be very buoyant. It was a complex transaction that played to the strengths of our European and Global Private Equity groups."
The Baker & McKenzie team was led by Bruno Bertrand and included Tax Partner Guillaume Le Camus (Paris), Private Equity Partner James Burdett, Tax Partner James MacLachlan (London); and Tax Partners Todd Golub and Patricia McDonald (Chicago). Assistance was provided by associates Benoit Champon and Xavier Berre (Paris); and, associates Simon Cleobury, Neil Ghosh, Laura Chambers and Aimee Saunders (London).
AXA Private Equity is a leading private equity firm with USD25billion in managed assets and a global reach extending across Europe, North America and Asia. The firm offers investors the full spectrum of private equity services for every market segment: direct funds, infrastructure financing, mid cap and small cap buyouts, venture capital, co-investments, fund of funds as well as mezzanine financing.
Swiss-based LGT Capital Partners is a leading alternative investment manager and manages over USD21 billion in hedge fund and private equity assets and has an international team of over 180 professionals with 32 nationalities.