Kirkland Advises Apheon on Closing of Multi-Asset Continuation Fund for TMC and Haudecoeur

Kirkland & Ellis advised European private equity firm Apheon on the successful closing of a new continuation fund, Apheon TMC HDC Long Term Value Fund SCSp. The continuation fund will acquire interests in TMC, a Dutch technical and R&D consulting firm, and Haudecoeur, a French ethnic food company, from Apheon MidCap Buyout IV SCSp alongside third-party minority investments made by funds managed or advised by MML Capital, with respect to TMC, and LFPI, with respect to Haudecoeur. The continuation fund closed on €435 million of aggregate capital commitments, and will provide an extended investment horizon and additional capital to continue building both platforms and support a new phase of growth. Funds managed or advised by HarbourVest Partners lead the continuation fund. The transaction remains subject to regulatory approvals. 

Read the transaction press release

The Kirkland team included investment funds lawyers Richard Watkins, Ted Cardos, Tarsis Goncalves, Amrit Sagoo, Luke Scott, Kahwing Fung and David Melvin; and tax lawyers Gal Shemer and Beatriz Capeloa Gil.