Kirkland Advises FSN Capital on €588 Million Continuation Fund

Kirkland & Ellis advised FSN Capital, a leading Northern European private equity firm, on the formation of FSN Capital Confluence, a newly established €588 million continuation fund, which has acquired two portfolio companies from FSN Capital V in order to build on their successful platforms and support a new phase of growth. LGT Capital Partners acted as lead investor.

As lead investor in the continuation fund, LGT Capital Partners was supported by new and existing investors, achieving a notable rollover rate from FSN Capital V investors who were offered a status quo rollover option to invest in the fund at current terms, or to use the transaction to generate liquidity. The fund was significantly oversubscribed and attracted leading institutional investors, including endowments, pension funds and asset managers from around the world. AltamarCAM Partners and Cubera served as co-underwriters.

Read FSN Capital’s press release

The Kirkland team was led by investment funds partners Theodore Cardos and Christopher Braunack and associate Oliver Cutbill. The team also included investment funds associates Richard Hughes, Kahwing Fung, Charles Chin Ter and Anouschka Tse.