Orbit advises GREENPEAK on structuring of EUR 350m Continuation Fund.

GREENPEAK successfully closes sophisticated c. EUR 350m multi-asset Continuation Fund with top-tier international investor consortium.

GREENPEAK Partners is a leading lower mid-market focused buy and build specialist in the DACH region. GREENPEAK Continuation Fund I was formed to invest into ACADEMIA and CERTANIA – two strongly performing lab and TIC groups started and built up by GREENPEAK Fund II in 2021. The Continuation Fund will enable both companies to continue their successful investment strategy over the coming years.

The innovative transaction structure caters for customized exposures across one or both companies for different investors. HarbourVest Partners is acting as the Principal Lead Investor for Continuation Fund I across ACADEMIA and CERTANIA, while Kline Hill Partners is acting as the Co-Lead Investor in ACADEMIA, alongside a consortium of international syndicate investors.

Orbit advised GREENPEAK on all legal tax and regulatory aspects of the fund setup.

Team

Dr. Simon Schachinger (Lead, Partner, Fund Structuring, Tax), Michael Schnitker (Senior Fund Associate, Fund Structuring), Dr. Philip Mostertz (Partner, Fund Structuring), Dr. Christian Hillebrand (Partner, Regulatory, Secondary Transactions), Laurin Kühn (Certified Tax Advisor, Tax Structuring, Tax Compliance), Marven Unewisse (Fund Associate, Corporate, Investor Onboarding), Louise Hertz (Fund Associate, ESG/SFDR), Frank Pluskat (Fund Counsel, Corporate) und Sebastian Pavone (Fund Operations Officer, Investor Onboarding).

Related links

GREENPEAK Partners closes inaugural Continuation Fund led by HarbourVest Partners

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About GREENPEAK Partners

GREENPEAK Partners is a company builder private equity partnership with proven track record and comprehensive expertise in the foundation, development, and expansion of industry leaders. While executing its Buy & Build strategies, GREENPEAK aims to develop industry leaders by virtue of strong partnerships, ESG values, and aligned sustainable interests. To date (April 2024), the GREENPEAK Partners team has built over a dozen platforms, with annual revenues exceeding EUR 1bn. For more information, please see GREENPEAK Partners

About HarbourVest Partners

HarbourVest is an independent, global private markets firm with over 40 years of experience and more than USD 125bn of assets under management as of December 31, 2023. Our interwoven platform provides clients access to global primary funds, secondary transactions, direct co-investments, real assets and infrastructure, and private credit. Our strengths extend across strategies, enabled by our team of more than 1,150 employees, including more than 230 investment professionals across Asia, Europe, and the Americas. Across our private markets platform, our team has committed more than USD 59bn to newly-formed funds, completed over USD 53bn in secondary purchases, and invested over USD 39bn in directly operating companies. We partner strategically and plan our offerings innovatively to provide our clients with access, insight, and global opportunities. For further information please visit HarbourVest.

About Kline Hill Partners

Founded in 2015, Kline Hill Partners is an investment firm focused on the private equity secondary market, with industry-leading capabilities in the small-deal space. With over USD 4bn in assets under management, Kline Hill’s funds are backed by a blue-chip investor base that includes endowments, foundations, family offices, and other institutional investors. Together, Kline Hill’s Core and Solutions strategies make up a platform designed to serve the entirety of the small-deal secondary market, with capabilities spanning LP fund transfers, GP-led transactions, and secondary direct transactions. For further information please visit Kline Hill Partners

About Orbit

Orbit offers client-centered legal advice in all areas of fund law and investments in alternative assets. Fund managers and investors rely on Orbit and its team of experienced fund advisors. Orbit covers structuring, regulatory, tax, investment advice, compliance, and fund due diligence as well as secondary transactions.

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