Private Capital

Manufacturing
and Industrials

Real Estate

We advised CI Financial and its U.S. private wealth advisory.... Read more

We advised CI Financial and its U.S. private wealth advisory arm CORIENT on its acquisitions of wealth managers Avalon Advisors, LaFerla Group, Intercontinental Wealth Advisors, and Windsor Wealth Management.

The acquisitions boosted the company’s U.S. assets under management to over US$155 billion at the end of 2023.

Lawyers in our New York office led these transactions, with support from our Baltimore, Boston, Denver, Los Angeles, Philadelphia, and Washington, D.C. offices and our employee benefits, employment, funds, privacy and cybersecurity, and regulatory practices.

We advised Crescent Capital Partners, an Australian.... Read more

We advised Crescent Capital Partners, an Australian private equity firm, as sponsor on the establishment of a single-asset continuation vehicle for Healthcare Australia, a company that provides workforce solutions and direct care services in the health care industry with institutional backing from domestic and international secondaries participants.

This transaction represents one of the largest ever Australian fund secondaries transactions.

Lawyers in our Sydney office led the transaction, with support from our private equity and tax practices.

We advised Tikehau Capital, a global alternative asset.... Read more

We advised Tikehau Capital, a global alternative asset manager, on its acquisition of a majority stake in CReators of the Outside WorlD, a pan-European provider of cycling infrastructure and sustainable street furniture products.

The transaction marks Tikehau Capital’s first private equity acquisition in the Netherlands.

Lawyers in our Amsterdam office led the transaction, with support from our Düsseldorf, Frankfurt, London, Munich, and Paris offices and our banking, employee benefits, intellectual property, litigation, privacy and cybersecurity, real estate, and tax practices.

We advised Wendel, a French investment company, on.... Read more

We advised Wendel, a French investment company, on its €965 million acquisition of the Scalian group, a leading European engineering consulting firm in digital transformation, project management, and operational performance.

The acquisition enables the Scalian group to achieve revenue of €1.5 billion over the next five years and bolsters its abilities to address issues in supply chain and digital engineering, including architecture, system applications, big data, and AI.

Lawyers in our Paris office led the transaction.

Sector performance

Macroeconomic headwinds weighed on the private capital sector in 2023, resulting in a continued slowdown in global fundraising and deal activity. Despite this decline, and in light of global challenges, there was strong demand for investments in digital infrastructure, ESG, renewable energy, climate change, and health.

Driven largely by high interest rates, private credit flourished as borrowers were forced to look for alternative lending sources. The secondaries market continued to grow as a solution for limited partner (LP) liquidity. Family offices and ultra-high net worth individuals also played an increasingly significant role in the sector.

Hogan Lovells activities

In 2023, our Private Capital team partnered with investors at every stage of the investment lifecycle from fundraising through to investment, financing, and exit.

We developed a range of thought leadership focused on the latest developments and trends impacting the private capital sector, including ESG, foreign direct and cross-border investment opportunities, Sustainable Finance Disclosure Regulation, carried interest schemes, the U.S. Corporate Transparency Act regulations, and the UK Economic Crime and Corporate Transparency Bill. We also advised a broad range of clients impacted by the collapse of Silicon Valley Bank.

Acts for a broad spectrum of private equity houses and alternative asset managers, including specialist investors, sovereign wealth funds, and pension funds.”

Chambers UK, 2023