Mourant has advised leading private equity firm, CVC Capital Partners (CVC), in connection with the establishment of CVC Strategic Opportunities II.
The fund exceeded its €4 billion target, reaching total commitments of €4.6 billion and reflecting the growing demand from large investors for longer-term opportunities in stable, high-quality businesses. It is CVC’s second fund targeting investments with scope for capital appreciation over a longer investment period than the firm’s traditional private equity strategies.
Mourant LP Partner, Felicia de Laat, said: “We were delighted to advise our long-standing client, CVC, as they built upon the success of their first Strategic Opportunities platform with this new fund. From our perspective as Jersey counsel, it is pleasing to see yet another Jersey regulated fund providing an efficient vehicle for raising capital from a diverse range of global investors.”
The Mourant team was led by LP Partner Felicia de Laat with Counsel Matt McManus and Associate Olivia Palloch, working closely alongside lead counsel Simpson Thacher & Bartlett LLP and the fund’s Jersey administrator, Saltgate, to achieve the successful launch.