Offshore law firm Mourant has advised international investment firm Triton on its latest flagship buyout fund, Triton Fund V.
The fund surpassed the €4bn target and closed in December 2018 at its hard cap of €5bn, making it Triton's largest fund in its 22-year history and one of the largest pan-European buyout funds of 2018.
The fund is established in Jersey as an expert fund and received commitments from a diversified range of institutional blue-chip investors, including pension funds, insurance companies and sovereign wealth funds.
The Triton funds invest in and support the development of medium-sized businesses headquartered in Europe. The 38 companies currently in Triton's portfolio have combined sales of around €13.1bn.
Triton V will seek to generate value where Triton has strong local knowledge, such as the Nordics, Germany, Austria, Switzerland, Spain, Italy, France, UK and Benelux.
Partner Daniel Birtwistle led the Mourant team, which included Senior Associates Alex Henderson and Gabby Kellogg and Associates Roisin Cullinane and Rachel McGuinness. The firm acted as Jersey counsel alongside lead counsel Simpson Thacher & Bartlett.