LONDON, February 24, 2023 – Proskauer, a leading international law firm, announced today that it advised Leon Capital LLP (Leon Capital), a private equity firm investing in leading mid-market European tech-enabled services companies, on its acquisition of a majority stake in Xynteo, a strategic advisory firm exclusively dedicated to providing sustainability and energy transition services to some of the world’s largest companies.
In addition to advising on the acquisition, Proskauer advised on the fundraising and financing that underpinned this transaction.
The family of the founder Osvald Bjelland remains a minority shareholder. The agreement includes the creation of an employee partnership model, with senior employees now becoming owners of the business.
Over the last two decades, Xynteo has helped some of the world's leading businesses and their leaders to achieve planet positive and inclusive growth, tackle complex systemic challenges, and incubate green supply chains. They provide a range of world class professional services in strategy and innovation, leadership and culture and systems collaboration, including cross sector and value chain-based coalition models.
Proskauer fielded a team consisting of lawyers drawn from across the firm’s M&A, Private Funds and Finance teams to complete this multi-faceted transaction and meet Leon Capital’s needs.
The cross-practice Proskauer team was led by partners Liam Arthur and Andrew Houghton (M&A), Warren Allan and Nigel van Zyl (Private Funds), and Barry Newman (Finance), and included partners Stephen Pevsner (Tax), John Verwey (Regulatory) and Oliver Howley (TMT); special international labor & employment counsel Nicola Bartholomew; special regulatory counsel Amar Unadkat; associates Jack Morant, Brice Trevisan, Conor Quane and paralegal Jack Gregory (M&A); associates Imaan Gangi and Jin-Wen Wee (Private Funds); associate Antonia George and paralegal Elisha Sidhu (Finance); and associate Philip Gilliland (Tax).
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Proskauer has one of the premier global mergers and acquisitions practices. The Firm has advised on some of the most complex M&A transactions across a range of industries, including in the private equity and asset management space. Recent matters include representing Pollen Street Capital on the sale of and reinvestment in Pacific Fund Systems to Apex Group, a global financial services provider; Copper Street Capital on its majority investment into the One Four Nine Group and Lovell Minnick Partners on the signing of a definitive agreement to acquire a majority stake in London & Capital.
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