Goodwin’s Private Investment Funds team advised Latour Capital, a French independent management company, on its fourth generation of funds for a total amount of 1,2 billion euros.
This fourth vintage surpasses its predecessor by more than 40%. Coupled with an additional €400 million from co-investments, Latour Capital secured aggregate commitments of 1.6 billion euros.
Latour Capital IV benefited from a re-up of historic investors (re-commitment rate of over 100%). 60% of the funds raised came from outside of France, notably from Europe, but also from North America, Asia and the Middle East.
The fund will pursue the same strategy as the previous funds, investing in French and European companies with an enterprise value of over €200 million. Investment tickets will be between €50 million and €150 million.
The Goodwin team included:
- In Paris, Sarah Michel, Maxime Hemled, and Khalilou Gneny on fund formation aspects, Marie Laure-Bruneel and Paul Fournière on tax aspects and Adrien Paturaud and François Scheffer on financing aspects;
- In London, Ben Yeoh, Flaminia Gonzalez-Barba, Natacha Oz and Anindya Roy on fund formation aspects;
- In the US, Robert Kester on tax aspects, Matt Giles on regulatory aspects and Patrick S. Menasco on ERISA aspects.