Deal Log: November 2018

 

It has been a busy few months for the team at MJ Hudson. We have acted and advised on a wide variety of deals since April, including fund raisings, fund investments, co-investments, and a wide range of secondary and M&A transactions. A selection of our deals is detailed below.

 

The Family

MJ Hudson completed an investment by LGT into The Family (Holdings) Ltd. The Family provides start-ups with education, tools, and access to HNWI capital, in exchange for a small minority stake.

StartPulsing

Acted for OnePulse, an opinion platform which turns market research into real-time conversation, in connection with its pre-Series A equity funding round of up to £1.5million led by Next Fifteen Communications Group Plc.

Maven Capital Partners

MJ Hudson advised U.K.-based private-equity firm Maven Capital Partners on the establishment of its first institutional buyout fund, focusing principally on U.K. assets. Maven raised just over £70 million at first close and has already made several portfolio investments.

Sovex

MJ Hudson acted for Sovex Limited in relation to the sale of its service division, which provided after sale cover and services to the loading and unloading modules and components manufacturer by Sovex and its parent group, Transnorm.

LGT Capital Partners

Represented LGT on a number of primary investments into multi-jurisdictional funds.

Volpi Capital

Advised on the final closing in March 2018 of Volpi Capital Investments L.P., a new buyout fund, reaching its hard cap of €185 million.

Threads Styling

Acted for Threads Styling, which provides a personal shopping service connecting consumers with luxury goods and brands, in relation to the investment by C Ventures and Highland Europe of around £15 million.

Elements Talent Solutions

Acted for Elements Talent Solutions, an innovative talent acquisition consultancy aimed at disrupting the traditional recruiting model, in relation to a £3.45million investment by the Business Growth Fund.

Maven Capital Partners / UAP

Advised U.K.-based private-equity firm Maven Capital Partners on the establishment of a co-investment fund to invest (alongside Maven’s institutional buyout fund) in the £20 million MBO of UAP, a leading U.K. supplier and distributor of high specification door and window hardware.

Maven Capital Partners / Acton Banks

Advised U.K.-based private-equity firm Maven Capital Partners on the establishment of a co-investment fund to invest (alongside Maven’s institutional buyout fund) in the MBO of Acton Banks, a market leading U.K. healthcare staffing business.

Beacon Capital

Acted for Beacon Capital on its preferred equity investment in Numero 8 Limited, a technology business focussed on AI-powered contextual intelligence.

Greyhound Capital

Acted for Greyhound Capital in connection with a £4million Series B investment in Bancar Technologies Limited (Bancar) led by a Goldman Sachs affiliate. Bancar, trading under the name, Uala, has developed a personal financial management mobile app operating in Argentina.

EQT

Advised a number of institutional investors and family offices on investments into EQT VII.

Blossom Capital

Advised a number of institutional investors and family offices on investments into Blossom Capital I LP.

Nordic Capital

Advised a number of institutional investors and family offices on investments into Nordic Capital IX Alpha, L.P.

Providence Equity

Advised a number of institutional investors and family offices on investments into Providence Strategic Growth III L.P.

Greenoaks Global Operations

Advised a number of institutional investors and family offices on investments into Greenoaks Capital Opportunities Fund II LP.

ProA Capital

Advised a number of institutional investors and family offices on investments into ProA Capital Iberian Buyout Fund III, F.C.R.

American Securities Partners

Advised a number of institutional investors and family offices on investments into American Securities Partners VIII, L.P.

Equistone Partners

Advised a number of institutional investors and family offices on investments into Equistone Partners Europe Fund VI SCSp.

Partners Group

Advised a number of institutional investors and family offices on investments into Partners Group Real Estate Opportunities 2019 (EUR) C S.C.A.

TPG

Advised a number of institutional investors and family offices on investments into TPG Growth IV, L.P.

PAI Partners

Advised a number of institutional investors and family offices on investments into PAI Europe VII-1 SCSp.

Triton

Advised a number of institutional investors and family offices on investments into Triton Fund V SCSp.

Deal Log is produced by MJ Hudson  |  LAW and includes fund launches, transactions and similar activity that has been worked on by MJ Hudson. We provide expert legal advice to fund managers and investors, as well as participants in private equity, venture capital and M&A transactions. We work across the full spectrum of private markets and beyond, with a focus on alternatives and asset management. Clients praise our entrepreneurial approach, commercial outlook and dedication to helping our clients achieve their objectives, regardless of the obstacles.