February 8, 2017 (London) – International law firm Proskauer advised G Square Healthcare Private Equity LLP on the successful close of its second private equity fund. G Square Capital II closed at its hard cap of €350 million, attracting a diverse mix of North American and European institutional investors.
G Square is a leading healthcare private equity investor in Europe, targeting buy-out and growth transactions with a strong buy-and-build approach. G Square invests between €30 and €50m of equity per deal, and can bring additional co-investment from its LPs. G Square capitalises on its sector focus expertise, deep industry knowledge and pan-European network, which allows the G Square team, working alongside the entrepreneurs, to contribute actively to strategic and operational development of its portfolio companies.
Laurent Ganem, Founder and CEO of G Square, notes, “We have been working with Proskauer since the start of our firm. We value their business oriented approach, efficiency and professionalism. It has been a real pleasure to interact with Nigel and his team all along.”
“We were delighted to be G Square’s legal partner on this fundraising,” said Nigel van Zyl, partner and head of Proskauer’s European Private Investment Funds team. “G Square not only retained the support of their existing investors, they diversified their capital base and raised a larger fund, hitting their hard-cap. G Square’s successful fundraise demonstrates the continued demand from investors across the globe for UK and European managers with compelling and differentiated investment strategies and strong performance.”
The fundraise was led by Nigel van Zyl and senior associate Andrew Shore, and included associate Jamie Ogilvie (Corporate), partner Robert Gaut and associate Greg Branagan (Tax) and special counsel John Verwey (Regulatory). Advising on the U.S. aspects of the fundraise, the team included partner David Tegeler and associates Kevin Nolan and Jason Triplett (Corporate), partner Mary Kuusisto and senior counsel Marguerite Lombardo (Tax) and senior counsel Adam Scoll (ERISA).
Proskauer’s Private Investment Funds Group has represented sponsors in closing more than 500 funds with over $130 billion in committed capital, and closed more than 1,300 investments in all types of funds representing over $52 billion since 2012. We also advised on over 300 secondary purchases and sales with an aggregate value of $30 billion.