Fried Frank acted as counsel to Corten Capital in connection with the formation of Corten Capital I; Carey Olsen and Alter Domus in Guernsey also advised Corten Capital.
The fund is Corten Capital’s debut fund and, at a final close of €392m, significantly exceeded its €300m target.
Corten Capital is a specialist business software and services investment firm that partners with entrepreneurial management teams to acquire and build market leading, technology-driven B2B services, information and software companies across Europe and North America.
Corten Capital I’s strategy is to seek to create enduring value through growth and innovation. It will invest in a focused portfolio of two to three platform companies in the technology-enabled business services, information and software sectors, providing each platform with a seven to eight-year investment horizon, continuous strategic and operational support, and substantial capital for technology and product innovation, commercial acceleration, geographic expansion and M&A.
The Fried Frank team advising Corten Capital included corporate partners Mark Mifsud (Picture) and Sam Wilson; tax partners Nick Thornton and Michelle Gold; corporate associates James O’Shea, Piers Harris, Nick Roxburgh and Sam Stenning; and tax associates Rebecca Freeland and Tom Bramall.
Carey Olsen provided Guernsey legal advice in respect of the fund structuring and launch processes. The team was led by partner David Crosland with support from senior associate Matt Brehaut.
The Alter Domus team comprised Tom Amy (country executive), Tina Kerrigan (senior manager) and Katie Le Gallez (manager). Alter Domus will provide ongoing administration, reporting and regulatory services to the Corten Capital I structure.
Involved fees earner: Elodie Cinconze – Clifford Chance; Xavier Comaills – Clifford Chance; Gilles Lebreton – Clifford Chance; Benjamin Massot – Clifford Chance; Karim Mernissi – Clifford Chance; Jehanne Talha – Clifford Chance; Thomas Bramall – Fried Frank Harris Shriver & Jacobson; Rebecca Freeland – Fried Frank Harris Shriver & Jacobson; Michelle Gold – Fried Frank Harris Shriver & Jacobson; Piers Harris – Fried Frank Harris Shriver & Jacobson; Mark Mifsud – Fried Frank Harris Shriver & Jacobson; James O’Shea – Fried Frank Harris Shriver & Jacobson; Nick Roxburgh – Fried Frank Harris Shriver & Jacobson; Samuel Stenning – Fried Frank Harris Shriver & Jacobson; Nick Thornton – Fried Frank Harris Shriver & Jacobson; Sam Wilson – Simpson Thacher & Bartlett;
Clients: Corten Capital;