Kirkland & Ellis has advised Nordic Capital, a leading private equity investor focused on the Nordic region, selected Northern European sectors and the Global healthcare market, in connection with the transfer of its 2008 vintage fund’s (Nordic Capital Fund VII) remaining nine unlisted portfolio companies to a continuation vehicle in a €2.5 billion transaction. Fund VII’s original term expired in December 2017 and, by concluding this transaction, Nordic Capital will have the opportunity to maximise the value creation potential of these nine companies, providing them with active support and fresh capital over an additional five-year holding period under continued Nordic Capital management. Coller Capital acted as lead investor in the transaction, which was fully underwritten by Coller Capital’s seventh fund and Goldman Sachs Asset Management's Vintage Funds. More information is available here.
The Kirkland team was led by investment funds partners Ted Cardos and Anand Damodaran and associate Andrea Renold, and included investment funds partners Michael Belsley, Richard Watkins and Christopher Braunack, investment funds associates Zoe Pople, Emma Whenham, Yushra Raheem and Tata Mbako, financial regulatory partners Lisa Cawley and Adam Skinner, corporate associates Jessica Liang and Nick Appleton, antitrust partners Ellen Jakovic, Mike Robert-Smith, and Michael Thorpe, employee benefits partner Elizabeth Dyer and associate Erica Rozow, and banking regulatory of counsel Julie Kunetka.
Kirkland is a global leader in providing sophisticated advice to investment fund sponsors, institutional investors and other market participants in the alternative investment fund space. Kirkland offers clients the unsurpassed resources of a large, integrated, multidisciplinary, global team located across offices in the United States, Europe and Asia-Pacific. With more than 260 dedicated Investment Funds attorneys, including over 100 partners, few firms approach the breadth, depth and scope of Kirkland’s experience in investment funds legal services. In the past three years alone, Kirkland has advised nearly 300 private investment fund sponsors, raising more than 400 funds representing in excess of $440 billion of capital commitments. In both 2016 and 2017, Private Equity International named Kirkland as “secondary law firm of the year” in each of Europe, North America and Asia.