Kirkland advises Vitruvian on closing of fourth fund at €4 Billion

Kirkland & Ellis advised leading International private equity firm Vitruvian Partners on the closing of VIP IV, one of the largest funds in the market focused on supporting high growth companies in the middle market. With a primary focus in Europe, VIP IV has a global reach with the ability to support businesses seeking assistance with international expansion. The fund was oversubscribed and reached its hard cap in under three months.

The Kirkland team was led by London investment funds partners Amala Ejikeme and Richard Watkins; tax partners Ian Ferreira, Frazer Money and Alec Campbell; and financial services regulatory partners Lisa Cawley and Prem Mohan. The US team was led by investment funds partners Joshua Westerholm and Christopher Scully; and employee benefits partner Elizabeth Dyer.

Kirkland & Ellis LLP is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland is the largest law firm in the world by revenue, and the seventh largest by its number of attorneys. Kirkland is the first law firm in the world to reach US$4 billion in revenue and the largest firm by revenue globally.

Leading private equity partner joins Latham in the Bay Area

Latham & Watkins LLP is pleased to announce that Eric Schwartzman has re-joined the firm as a partner in the Corporate Department and member of the Mergers & Acquisitions and Private Equity Practices. He will practice from the firm’s Bay Area offices, advising private equity sponsors and their portfolio companies, strategic corporate acquirers, and target companies on sophisticated transactions, including mergers, acquisitions, dispositions, take-privates, carve-outs, restructurings, and joint ventures.

Schwartzman is particularly focused on representing private equity clients in sophisticated deals in the technology industry and its many subsectors. His experience also spans the telecommunications, consumer, energy, media and entertainment, financial services, healthcare, industrials, manufacturing, and retail sectors.

“We are thrilled to welcome Eric back to Latham as a partner in our premier global M&A and Private Equity Practices,” said Marc Jaffe, Global Chair of Latham & Watkins’ Corporate Department. “Continuing to build out these practices globally, nationwide, and particularly in the Bay Area is a strategic focus of the firm, as we are deeply committed to growing in line with our clients’ needs. Eric’s vast experience in the technology sector further underscores that commitment as we see our private equity clients increasingly focused on deals in the tech space.”

Tad Freese, Office Managing Partner of Latham & Watkins in Silicon Valley, added: “Eric’s skill set and experience leading complex transactions on behalf of private equity clients are perfectly aligned with our strong M&A and Private Equity Practices in the Bay Area. He is widely recognised as a preeminent private equity M&A lawyer and will be of tremendous benefit not only to clients in California but across Latham’s global platform.”

“Latham’s integrated global platform, private equity capabilities, substantial industry experience, and collaborative culture are all second to none. I am thrilled to re-join this world class firm where I grew up as a lawyer and made partner, to contribute to its continued growth and to serve our clients not only in the Bay Area, but across the United States and globally,” said Schwartzman.

Schwartzman re-joins Latham from Cooley in San Francisco. He previously practiced from Latham’s New York office both as an associate and partner from 2001-2012. He is the latest addition to an extensive group of prominent partners who have recently joined Latham’s Mergers & Acquisitions and Private Equity Practices, including Neal Reenan and Ian Bushner, who joined the firm in March, and Kate Withers, who joined in April.

Eric Schwartzman received his JD, magna cum laude, from Syracuse University College of Law and graduated Order of the Coif.

Kirkland Advises Sterling Group’s $2 Billion Oversubscribed Fund V

Kirkland & Ellis counselled The Sterling Group, an operationally focused middle market private equity firm, on the closing of Sterling Group Partners V, LP (together with its parallel fund, “Fund V”). Fund V was oversubscribed and closed at its $2 billion hard cap. The majority of Fund V’s capital was committed by returning investors. In addition, The Sterling Group, welcomed several new investors that expanded the firm’s investor base in the United States, the Middle East and Asia.

Read the company press release from Sterling Group

The Kirkland team was led by investment funds partners Matt Nadworny and Brian Delaney and associates Christine Wilson, Samara Sanderson, Nathan Wolcott, Nathan Judd and Josh Wilson; tax partner Stephen Butler and associate Victoria Chang; and employee benefits partner Liz Dyer.

Ashurst hires senior partner to lead its private equity practice in Milan

International law firm Ashurst announces the appointment of partner Fabio Niccoli to lead the private equity offering in Milan.

Fabio joins from CDP Equity (previously Fondo Strategico Italiano S.p.A.), where he has been general counsel since 2012, having been responsible for the set-up of the entire legal structure of the business. A highly regarded and technical lawyer, Fabio has over 20 years of experience across both private practice and in-house. Recognised in the GC Powerlist of the most influential general counsel in Italy by The Legal 500, Fabio has advised on a number of high-end private M&A and private equity deals, with a particular focus on the Italian mid-cap market. He began his career at Bonelli Erede Pappalardo. He has also worked at Gianni Origoni Grippo Cappelli & Partners, before joining the newly-founded firm Labruna Mazziotti Segni contributing to its start-up and becoming a partner in the M&A and private equity practice.

Commenting, Carloandrea Meacci, Milan office managing partner said: “This is a significant development for our practice in Milan – we are able to offer first-rate private equity expertise to complement our market-leading offering in all areas of infrastructure and energy M&A. Fabio is an excellent practitioner with a unique background and he will play a key role in helping us realise our strategy to operate a high performing integrated European corporate M&A and private equity team, as well as to provide support to our existing practices. This appointment also demonstrates our strong commitment to the Italian market, where we have operated for 20 years.”

Global head of corporate, Jason Radford, added: “Fabio is a key strategic hire for the European corporate team, reflecting our aim to further invest in and strengthen our private capital offering. We are delighted to welcome him to the team to help develop a successful private capital and M&A practice in Italy. His background and experience in private practice and as general counsel with a leading Italian investor will complement our existing Italian offering very well.”

Fabio Niccoli said: “I am excited to be joining Ashurst. The firm has great ambitions for its Italian office and European corporate offering. I am looking forward to working with the Italian and global team to deliver some exceptional results for our clients.”

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