Private Equity

Growth Equity and Venture Capital

Our Values: Diversity,
Equity, & Inclusion

We advised Accel-KKR and its portfolio company.... Read more

We advised Accel-KKR and its portfolio company Reapit on its acquisition of Inspect Real Estate Holdings Pty Ltd, a provider of workflow productivity software for the real estate industry. Lawyers in our Sydney office led the transaction, with support from our London office and our intellectual property, privacy and cybersecurity, and strategic operations, agreements, and regulation practices.

We advised KSL Capital Partners on its acquisition of a.... Read more

We advised KSL Capital Partners on its acquisition of a majority stake in Sereno Hotels, the owner-operator of the ultra-luxury hotels Il Sereno in Lake Como, Italy, and Le Sereno on the Caribbean island of St. Barthélemy. Lawyers in our Denver office led the transaction, with support from our Birmingham, London, Milan, and Paris offices and our finance and real estate practices.

We advised Pantheon Ventures as lead investor in.... Read more

We advised Pantheon Ventures as lead investor in Wells Fargo’s US$2 billion sale of interests in various private credit and private equity funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. Lawyers in our Northern Virginia office led the transaction, with support from our Baltimore, London, Los Angeles, and Washington D.C. offices and our investment funds and tax practices.

We advised Quadriga Capital, a private equity firm... Read more

We advised Quadriga Capital, a private equity firm focused on investments in medium-sized growth companies in the DACH region across health care, tech-enabled services, and smart industries, and on its investment in ETERNA Mode GmbH, a European market-leading, direct-to-consumer apparel company. Lawyers in our Frankfurt office led the transactions.

Sector performance

The steep decline in private equity dealmaking in the second half of 2022 continued in 2023. Inflation and the resulting rise in interest rates put downward pressure on valuations and deal activity, aggravating the “expectations gap” between buyers and sellers. IPO markets were also effectively closed for private equity exits, and fundraising remained flat year on year.

However, uncommitted capital continued to grow. An increasing number of sponsors turned to fund leverage to avoid seeking new funds from investors. Other sponsors began preparing their portfolio companies for future exits in response to higher interest rates.

Hogan Lovells activities

In 2023, our Private Equity team advised on the full range of investment transactions, including private M&A, take-privates, minority investments, joint ventures, co-investments, secondaries, and exits. We partnered with clients on their high-end and mid-market transactions across a broad range of geographies and sectors, including financial services, technology, life sciences and health care, energy, and sports, media, and entertainment.

We continued to cement our position as one of the leading global Secondaries practices in the market, advising on the full range of secondaries transactions, including general partner (GP)-led secondaries.