Press Release from Carey Olsen, Thursday 26 September, 2024.
Carey Olsen’s Guernsey funds and corporate team has advised Phoenix Equity Partners (“Phoenix”) on the successful close of its latest Flagship Fund with more than £400 million of commitments and the launch of its £200 million Growth Partnership Fund, achieving more than £600 million in new funds.
Phoenix’s latest Flagship Fund will enable the firm to continue investing in high-growth, lower mid-market businesses across select sectors, while the launch of its Growth Partnership Fund will allow the firm to continue and extend its partnership with high-performing portfolio companies Nineteen Group (“Nineteen”) and Envisage Dental (“Envisage”).
The Growth Partnership Fund has acquired Nineteen and Envisage from Phoenix’s previous flagship fund which supported the growth of both companies for over five years. Both started out as small platform businesses and have now significantly outperformed their original plans, achieving a gross aggregate return on the exits exceeding 4.5 times the cost and showcasing a combined enterprise value of close to £450 million.
The Carey Olsen Guernsey corporate team advising on these transactions comprised Guernsey funds partner David Crosland, senior associate Colin Calvert and associate Lisa Bailey.
David Crosland commented: “We were delighted to have advised long-standing client Phoenix on these exciting fundraises, a milestone for their firm. Phoenix has a long history of utilising Guernsey’s tailor-made private fund regime and these latest funds demonstrate Guernsey’s attractiveness as a domicile for funds of all types. We look forward to supporting their continued success.”
Phoenix is a leading private equity firm which invests in UK-based private companies valued at up to £200 million and focuses on supporting founders and entrepreneurs with established, growing businesses.
PAC warns of lack of clarity over how much tax is paid or avoided by the very wealthy, as report highlights significant opportunities to collect more revenue. Public Accounts CommitteeHM Revenue &
On 27 January 2025, the law deriving from draft Bill No. 7961 (“Law“) introducing significant changes to the laws governing the Register of Beneficial Owners (Registre des Bénéficiaires Effectifs
Press Release from Carey Olsen, Friday 25 October, 2024. Carey Olsen is pleased to announce the promotion of Catherine O’Connell and Sara Malik to senior associate within the firm’s British
On March 21, 2025, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”) narrowed the scope of the beneficial ownership information (“BOI”) filing requirement under