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POELLATH advises DPE Deutsche Private Equity on successful fundraising and largest GP-led secondary transaction in Germany to date

Deutsche Private Equity (DPE), one of the leading German private equity firms, located in Munich, announced the successful close of DPE Continuation Fund I (“DPE CF I”) with a fund size of around EUR 708 million.

DPE CF I was formed to invest into Eraneos Group (“Eraneos”) and valantic Group (“valantic”) – two strongly performing investments acquired by funds managed by DPE (“DPE Fund III”) in 2017 and 2019, respectively – and to provide additional capital and time to continue their highly successful growth strategies that have been implemented since DPE’s initial investments in both companies.

DPE CF I has been capitalized by a consortium of leading global secondary investors, led by AlpInvest Partners and co-led by HarbourVest Partners and Pantheon Ventures, alongside several further new and existing investors. DPE is delighted to have secured backing from such a high-quality group of investors in this transaction, indicating the strong interest for high-quality assets during uncertain market times. Furthermore, DPE CF I has offered a highly attractive outcome to DPE Fund III investors, who had the option to crystallize stellar returns or continue to support the growth strategies of Eraneos and valantic by participating in DPE CF I.

POELLATH advised DPE on all contractual, regulatory and tax aspects of the fund structuring and formation, contractual documentation, and marketing as well as on negotiations with investors with the following team:

In addition, the following attorneys advised DPE:

Coordination: Stephenson Harwood LLP (London/UK): Gabriel Boghossian (Partner, Funds), Sarah de Ste Croix (Partner, Funds), Bethany Carr (Associate, Funds).

U.S. law: Proskauer Rose LLP (Boston/USA): Howard Beber (Partner, Funds/Regulatory), Jim Poindexter (Partner, Tax), Robert Sutton (Partner, Funds), Mark Audet (Associate, Funds), Emily Benedict (Associate, Tax/Funds) und Philip Lenertz (Associate, Tax/Funds).

Jersey law: Mourant Ozannes (Jersey): Joel Hernandez (Partner, Funds), John MacFeeters (Counsel, Funds), Sarah Burns (Associate, Funds) und Ellie Wood (Associate, Funds).

Luxemburg law: Arendt & Medernach (Luxemburg): Alexander Olliges (Partner, Funds/Corporate/M&A), Jan Neugebauer (Partner, Tax), Maria Grosbusch (Senior Associate, Corporate/M&A) und Petros Karatzovalis (Associate, Corporate/M&A).

Transaction (Swiss law): Walder Wyss (Switzerland): Florian Gunz Niedermann (Partner, Corporate/M&A), Fabienne Anner (Managing Associate, Corporate/M&A), Michael Kündig (Senior Associate, Corporate/M&A), Erik Lanz (Associate, Corporate/M&A), Milos Karic (Trainee, Corporate/M&A), Maurus Winzap (Partner, Tax), Janine Corti (Counsel, Tax), Lukas Wyss (Partner, Banking Finance) and Rafal Szala (Managing Associate, Banking Finance).

Transaction (German law): Latham & Watkins: Burc Hesse (Partner, Corporate/M&A), Stephan Hufnagel, Partner, M&A/PE), Sebastian Pauls (Partner, M&A/PE), Thomas Weitkamp Partner, Banking/PE Finance), Stefan Süß (Partner, Tax), Ludwig Zesch (Counsel, Banking/PE Finance), Dr. Philipp Gärtner (Associate, M&A/PE), Chris Freitag (Associate, M&A/PE), Lena Hummel (Associate, M&A/PE) and Maximilian Kuchernig (Associate, M&A/PE).

as well as a number of other foreign law firms on distribution issues.

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