Mourant Ozannes acts on top three private equity transactions in first quarter 2017
31 May 2017
Mourant Ozannes, a leading offshore law firm, advised on three of the most significant private equity transactions in Europe during the first quarter of 2017, according to the league tables published by global deal research agency, Pitchbook.
Pitchbook's latest report, entitled 1Q 2017 European PE Breakdown, includes the largest PE exit and the largest PE fund closing.
Mourant Ozannes lawyers led on the offshore aspects of three of the top deals, including the sale of Delta Topco Limited’s Formula One business to Liberty Media Group ranked first among “Select Largest European PE-Backed Exits,” and two top-ranked fund closings highlighted in “Select Largest Closed European PE Funds”: Crescent Mezzanine Partners VII (“Fund VII”), which closed January 12 at more than US$4.6 billion, and HgCapital 8, which closed February 15 at £2.5 billion.
Mourant Ozannes Partner and International Head of Funds, Ben Robins, said: "It has certainly been a busy quarter and we are very proud to have been involved in the largest closing identified by Pitchbook so far this year, exceeding an initial fundraising target of $3.0 billion and representing the largest private mezzanine offering in Crescent Mezzanine’s history."
"The private equity market remains buoyant despite underlying issues with significant levels of dry powder. Sentiment across the private equity industry globally remains upbeat as we near the half year point."
Mourant Ozannes’ private equity specialists advise clients across the entire life cycle of the asset class, from fund formation, through investment, to exits and beyond. The firm’s team of more than 40 professionals handles complex, cross-border matters for many of Europe’s highest-profile and most prestigious funds and transactions. In April 2017 the firm was named 'Offshore Law Firm of the Year' by Chambers and Partners at the Chambers Europe Awards.
PitchBook is a leading research firm that gathers, analyzes and distributes data on venture capital, private equity, and merger and acquisitions. Its quarterly report, produced in partnership with Merrill Corporation, covers deal flow, exits, and fundraising across Europe.