Lawyers from Carey Olsen's investment funds team in Jersey have advised European mid-market private equity firm Capvis on the disposal of the remaining portfolio of Capvis Equity III to a new Capvis-managed continuation structure.
The transaction was co-led by Committed Advisors SAS and Eurazeo IM.
The continuation vehicle provides time and additional capital for the exit of the existing portfolio companies – German eco-fashion company Hessnatur; global swimwear producer Arena; and Kaffee Partner, which distributes coffee and water dispensing machines in Austria, Germany and Switzerland.
The Carey Olsen team advising on all Jersey legal and regulatory aspects of the transaction was led by Partner Daniel O'Connor, assisted by Senior Associate Arindam Madhuryya and Associate Jordan Zubeidi.
They worked alongside onshore counsel Latham & Watkins and Stephenson Harwood.
Since 1990, Capvis has completed more than 60 deals with a total invested capital of more than €3bn.