International law firm Stephenson Harwood LLP has advised the management team at investment boutique SVG Investment Managers (SVGIM) regarding its acquisition by Swiss-based international investor Hansa Aktiengesellschaft (Hansa).
SVGIM has been acquired from SVG Capital, its parent company, following regulatory approval. Hansa is now the majority stakeholder in SVGIM, with the senior management of SVGIM holding a significant minority stake. Hansa has also acquired SVG Capital's holdings in certain SVGIM managed funds.
Under the new structure, SVGIM will continue to operate its existing managed funds as before. SVGIM currently manages the SVG UK Focus Fund, an Irish listed open-ended investment company; and Strategic Equity Capital, a London-listed investment trust.
The Stephenson Harwood team advised on all aspects of the deal including negotiating the subscription and shareholders agreement.
Commenting on the acquisition, William Saunders, head of the funds practice at Stephenson Harwood said: "We are very happy to have advised the management team at SVGIM on this successful acquisition. The acquisition of SVGIM by Hansa should provide an excellent opportunity to develop the existing business and increase its client offering."
The Stephenson Harwood team was led by William Saunders and supported by associate Alexa Whitehead.