News | Private Equity

Wednesday 7th November 2001

SJ Berwin acted for Advent Venture Partners on the recently completed further equity investment in Elumin Limited.

The investment of up to £5.5 million in Elumin, which was led by Advent Venture Partners, was the company's second round of institutional funding.

Elumin is a privately owned company which is involved in the design and manufacture of electroluminescent materials. In addition to advising Advent Venture Partners on the further investment, SJ Berwin acted for Elumin on a related acquisition of certain of the business and assets of Cambridge Consultants Limited ("CCL").

Commenting on the deal, corporate finance partner Perry Yam said: "We first acted for Advent Venture Partners in relation to the initial investment in Elumin in August 2000. This further investment and related acquisition of a complementary electroluminescent business from CCL is evidence of the continued growth of the Elumin business. SJ Berwin is delighted to continue to be closely involved with Advent Venture Partners and is excited for the prospects of Elumin".

The SJ Berwin team was led by Perry Yam, assisted by Jonathan Betts.

• SJ Berwin is a full-service international legal practice with more than 470 lawyers across its offices in London, Brussels, Frankfurt, Berlin, Munich, Madrid and Paris.
• With the largest dedicated private equity team in Europe, comprising 140 full-time corporate private equity lawyers together with support from its other departments, SJ Berwin advises clients on the full-range of private equity business, both in connection with the establishment of private equity funds and their associated incentive schemes, and on MBOs, MBIs, public-to-privates and venture capital investments.
• SJ Berwin has recently won the European Venture Capital Journal Award for Private Equity Law Firm of the Year 2000, Law Firm of the Year and Property Team of the Year at The Lawyer Awards 2000, and Competition Team of the Year at the Legal Business Awards 2000.