News | Private Equity

Thursday 25th October 2007

SJ Berwin’s leading fund formation team advised established client Segulah on the SEK 5 billion first and only institutional closing of Segulah IV L.P. Segulah is a Stockholm based private equity firm focusing on lower Nordic mid-market buyouts. Segulah IV L.P is the fourth fund raised by the firm.

A combination of strong existing support - with 100% of Segulah’s existing investors re-investing - coupled with overwhelming interest from new investors resulted in the Segulah IV L.P fund being five times oversubscribed.

Christian Sievert, managing director of Segulah said, "We were very pleased to yet again work with SJ Berwin as legal counsel on our fundraising. The process was again flawless with only seven weeks between the issue of the information memorandum and the first and only close for institutional investors. This is largely due to SJ Berwin’s preparatory work and professionalism throughout the process."

The SJ Berwin funds team are currently advising on funds raising in excess of €30 billion of commitments. Other recent closings include the €1.675 billion Industri Kapital 2007 fund, €4.6 billion Macquarie European Infrastructure II fund, the €2 billion RREEF Infrastructure Fund, the €895 million Patron Capital, L.P III fund, Amadeus III, Pantheon Global Secondary Fund III and Graphite Capital Partners VII.

The SJ Berwin team advising Segulah was led by funds partner Nigel van Zyl and included funds associates Polly Daines, Cindy Wishart and Gill Denison and trainee solicitors Laura Carr and John Atherton.

Nigel van Zyl said, "This is the second time we have advised Segulah on their fundraising and we are delighted to have had the opportunity to work with such a well regarded team again on another hugely successful fundraising. This is also the second Scandinavian fund closing that SJ Berwin has advised on in two weeks - demonstrating the strength and reach of our leading funds practice in Scandinavia and across Europe."

MVision acted as the placement agent. 

For further information, please contact:

Nigel van Zyl, Partner on 020 7111 2727 or by emailing nigel.van.zyl@sjberwin.com
Aurelia Spivey, Business Development Manager on 020 7111 2060 or by emailing aurelia.spivey@sjberwin.com
To view other press releases click here.

• 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 and 2007 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 170 partners more than 700  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.  www.sjberwin.com . 
  
  
• SJ Berwin LLP or an affiliated  undertaking has an office in Berlin, Brussels, Frankfurt, London, Madrid,  Milan, Munich, Paris and Turin.