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29 Jun 2018

Stephenson Harwood advises BlueGem Capital Partners on liquidity offering

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Law firm Stephenson Harwood LLP has advised BlueGem Capital Partners on a liquidity offering made to all investors in BlueGem L.P., a 2007 vintage private equity fund.

The transaction involved BlueGem L.P.'s four portfolio companies being transferred to BlueGem Secondary LP, a new fund managed by BlueGem and backed by Glendower Capital, a spin-out of Deutsche Bank's secondaries private equity business.

Investors in BlueGem L.P. were offered the choice to retain their exposure to the portfolio or to sell their stake to Glendower, which had also committed significant additional capital to BlueGem Secondary LP, enabling BlueGem to hold the portfolio assets for longer and providing more capital for expansion.

BlueGem is a mid-market buyout firm focused on Western Europe, with a number of portfolio companies in the consumer sector, including London department store Liberty.

The Stephenson Harwood team was led by private equity partners Warren Allan and Gabriel Boghossian, with support from associates Olivia Short and Marina Pappas, and trainee Kenan Ceylan. The matter follows a series of liquidity offerings made across six investment vehicles, organised by the same Stephenson Harwood team on behalf of Aberdeen Standard PLC in recent months.

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KEY CONTACT

Warren Allan

Warren Allan
Partner

T:  +44 20 7809 2780 M:  Email Warren | Vcard Office:  London

Gabriel Boghossian

Gabriel Boghossian
Partner

T:  +44 20 7809 2762 M:  Email Gabriel | Vcard Office:  London

MEDIA CONTACT

Rose Russell
Communications & PR Executive

T: +44 20 7809 2961 
Email Rose