News | Corporate Finance

Tuesday 13th March 2007

SJ Berwin advised Patron Capital on the €895 million first and final closing of Patron Capital, L.P. III (including GP commitment of up to Euro 45 million), which will invest in property assets across Western, Central and Eastern Europe. SJ Berwin having previously advised on the closing of Patron Capital, L.P. II.

Patron Capital, L.P. III will continue the strategy used in its previous funds namely extracting value out of property assets and/or corporate entities with property assets across Western, Central and Eastern Europe.

The SJ Berwin team was led by funds partner Michael Halford assisted by Justine Nangle and Cindy Wishart.  Mark Hainsworth led on tax assisted by Lawrence Harrison with Tamasin Little advising on regulatory issues assisted by Anna Maleva-Otto.
Michael Halford commented: "We were delighted to again get the opportunity to work with the team at Patron Capital lead by Kendall Langford, general counsel and senior partner. Patron Capital are a very exciting client and we are very pleased to be involved with such a successful fund raising. The speed at which they achieved this first and final closing, about 2 months from initial circulation of documents, was very impressive."

Kendall Langford: "The SJ Berwin team provided Patron with a quality service and high degree of professionalism and commitment notwithstanding the extreme tight timetable to which we were working. We are delighted to have been able to work with them again".

For further information please contact:
Michael Halford, Funds Partner on +44 (0) 207 111 2185 or by emailing michael.halford@sjberwin.com
Aurelia Spivey, Business Development Manager, on +44 (0) 207 111 2060 or by emailing aurelia.spivey@sjberwin.com

• SJ Berwin is at the core of European private equity. SJ Berwin has one of the largest fund formation teams in Europe with 22 leading funds partners advising institutional equity providers and management teams on private equity and venture capital fund establishments.
  
  
• SJ Berwin has a reputation for innovation. Our extensive knowledge and history in the private equity industry means that we lead the European market on fund terms and conditions and are at the cutting edge of fund structuring.
  
  
• SJ Berwin are the recognised market leader in fund structuring and are ranked in the tier in both Chambers and Legal 500.In addition the private equity team has won a number of recent awards including:
    - "Fund Formation Team of the Year" 2006 at the Financial News Awards for  Excellence in Private Equity Advisory Services,
    - "European Law Firm of the Year" 2004 -  2006 at the EVCA/Real Deals European Private Equity Awards,
    - "European Law Firm of the Year" (fund formation) 2001 - 2007 by subscribers to PrivateEquityOnline and Private Equity      International
    - "Private Equity Law Firm of the Year" 2004 -  2007 at the European Venture Capital journal awards 2004
    -  "LBO Firm of the Year" 2004 at the Finance and Law Awards in Paris
  
  
• Founded in 1982, SJ Berwin is a leading corporate and commercial law firm with over 150 partners more than 600 lawyers working across its offices in London, Berlin, Brussels, Frankfurt, Madrid, Milan, Munich, Paris and Turin.
  
  
• On 1 June 2005, SJ Berwin became SJ Berwin LLP, a limited liability partnership.  http://www.sjberwin.com/.  SJ Berwin LLP or an affiliated undertaking has an office in Berlin, Brussels, Frankfurt, London, Madrid, Milan, Munich, Paris and Turin.