CAREY OLSEN: Carey Olsen advises Inflexion on closing of latest fund at £975 million

Press Release from Carey Olsen, Wednesday 18 September, 2024.

Carey Olsen’s investment funds team in Guernsey has advised European private equity firm Inflexion Private Equity Partners LLP (“Inflexion”) on the successful final close of Enterprise Fund VI (“the Fund”) at its hard cap of £975 million.

The Fund was raised primarily through increased commitments from existing investors in less than five months, who on average doubled their investments from the previous fund, Enterprise Fund V.

The Fund’s investor base includes a diverse group of U.S. pension funds, insurance companies, and sovereign wealth funds. The Fund will invest in both majority and minority stakes in European companies valued up to £150 million.

The Carey Olsen team advising Inflexion comprised partners Andrew Boyce and Rachel de la Haye and associates Oliver Orton and Nicola D’Amico.

Andrew Boyce commented: “It has been a pleasure to assist our long-standing client Inflexion on another successful fundraising. The diverse investor base in Fund VI demonstrates the strong confidence in Inflexion’s investment strategy, their ability to deliver attractive returns and underlines the continued importance of the use of Guernsey as a fund domicile. We are excited to see how this fund will contribute to the European market.”

 

20 January 2024

INTERNATIONAL TAX: UN Asks OECD To Study Human Rights Impact Of Tax Plans

Experts from the United Nations asked the OECD in a letter to study how its plans for a global minimum tax and a reallocation of large companies’ tax payments could impact human rights, claiming

Read More
6 August 2024

US: Senate makes moves on controversial tax bill: potential impacts and projections

In a recent development that has caught the attention of Wall Street and Main Street alike, the Senate has taken significant steps on a controversial tax bill. This legislation, if passed, could dramatically

Read More
20 January 2024

MALTA: Crypto exchange Binance’s Maltese tax arrears ‘covered by official secrecy’

The Maltese government refuses to publish information on the unpaid tax dues of Binance, the cryptocurrency exchange company whose founder pled guilty to violating anti-money laundering rules in the

Read More
18 October 2024

SOUTH AFRICA: SARS Pushes Crypto Tax Compliance for South African Traders

Efforts by the South African Revenue Service (SARS) to guarantee that all crypto assets owned by South Africans are correctly recorded for tax reasons are intensifying. Given an estimated 5.8 million

Read More