Law firm Stephenson Harwood LLP has advised Capvis AG (Capvis), a Swiss mid-market private equity investor, on the establishment of a €230 million continuation vehicle.
The deal was co-led by Committed Advisors SAS and Eurazeo IM, and the vehicle encompasses the three remaining portfolio companies in Capvis Equity III, L.P. and Capvis III Limmat L.P (together ‘Capvis III’). The vehicle will provide time and additional capital for the exit of the three remaining portfolio companies – hessnatur, arena and Kaffee Partner – which are all in the European consumer goods sector.
Since 1990, Capvis has completed more than 60 transactions with a total invested capital of more than €3 billion.
The Stephenson Harwood team was led by partners Gabriel Boghossian and Sarah de Ste Croix.