O’Melveny Represents Valedo II in SEK 2 Billion Fund ClosingAugust 19, 2011
FOR IMMEDIATE RELEASE
Andrea Rodeschini Piper Hall
O’Melveny & Myers LLP O’Melveny & Myers LLP
LONDON ─ AUGUST 19, 2011 ─ O’Melveny & Myers LLP represented Valedo Partners Fund II (Valedo II) in its July 22, 2011, fund closing with committed capital of SEK 2 billion (approx. US$311 million). Valedo II, a Swedish private limited liability company, reached its target size of SEK 2 billion on a single closing and is the successor to Valedo I, which was raised in 2006 and 2007, with committed capital of SEK 1 billion (approx. US$155 million).
Valedo II has the same investment focus and strategy as Valedo I - investing in leading Nordic lower middle market companies while seeking to create long-term value primarily driven by growth.
Investors in Valedo II consist of a diverse group of Swedish and international pension funds, insurance companies, family offices, foundations, fund of funds, and entrepreneurs as well as Valedo’s staff and board of directors. Two feeder vehicles were established to facilitate investment by international investors in Valedo II —a Swedish limited partnership (Kommanditbolag) and Luxembourg limited partnership with share capital (société en commandite par actions).
The London-based O’Melveny team was led by counsel Anita Roberts and included partner John Daghlian and associate Lucinda Tse. Partner Luc Moritz and counsel Bryan Kelly advised on tax matters.
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