POELLATH advises Castik Capital on closing of the second fund “EPIC II” with over EUR 1.25 billion
POELLATH advised the European private equity investment firm Castik Capital S.à r.l. on the structuring of and fundraising for their second Luxembourg fund “EPIC Fund II”. The fund closed successfully with a hard cap of EUR 1.25 million and reported high demand from existing and new investors, including large institutional investors from Europe, Australia and North America. POELLATH previously advised Castik Capital S.à r.l. on the fund structuring of the predecessor fund EPIC Fund I.
As its predecessor fund, EPIC Fund II can remain invested for 10 years or longer and aims to have a concentrated portfolio of six to seven companies. The transaction volume goal is EUR 200 to 700 million, of which approximately EUR 100 to 300 in shareholder capital will be committed per transaction. The investments will be focused on the business services, technology, software and specialized healthcare sectors.
POELLATH was the lead advisor to Castik Capital S.à r.l. on all contractual, tax and regulatory aspects of the fund structuring, contractual documentation and negotiations with investors with the following private funds team:
- Dr. Michael Best (partner, tax, Munich)
- Amos Veith (partner, lead, private funds, Berlin)
- Dr. Robert Eberius (counsel, private funds, Berlin)
- Gerald Herrmann (counsel, tax, Munich)
- Dr. Stephan Schade (counsel, private funds, Berlin)
Arendt & Medernach provided support on questions of Luxembourg law. The US-based law firm Fried Frank advised on select questions of US tax and regulatory law. Further local advisors were involved in Canada, Australia and the Arabic countries.