Law firm Stephenson Harwood LLP has advised Ufenau Capital Partners AG (Ufenau) on the establishment of a €563 million continuation vehicle, Ufenau Continuation III (UC III).
UC III was established to acquire interests in Corius Gruppe and Altano Gruppe, two strongly performing assets from Ufenau's fifth fund. The vehicle will provide time and additional capital, allowing Ufenau to continue its successful 'buy & build' strategy. UC III has been capitalised by a group of blue-chip secondary investors, with StepStone Group as senior lead investor and Five Arrows as junior lead investor.
Ufenau is a privately owned Swiss private equity investor with a focus on investment in service companies in the DACH, Iberia and Benelux regions. Since 2011 Ufenau has invested in over 240 service companies in Europe and advises on a capital of €2.5 billion.
The Stephenson Harwood team was led by private equity partners Gabriel Boghossian and Sarah de Ste Croix, who were supported by senior associate Emily Davies and associate Bethany Carr. Stephenson Harwood worked in collaboration with GÖRG Partnerschaft von Rechtsanwälten mbB and Arendt & Medernach SA which supported the transaction as German and Luxembourg specialist counsel. PJT acted as exclusive financial adviser to Ufenau.