O’Melveny Represents Valedo II in SEK 2 Billion Fund Closing

August 19, 2011





Andrea Rodeschini                                         Piper Hall

O’Melveny & Myers LLP                                  O’Melveny & Myers LLP

212.326.2251                                                 202.220.5022

arodeschini@omm.com                                 phall@omm.com



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.

About O'Melveny & Myers LLP's Investment Funds and Securitization Practice

O'Melveny & Myers LLP's Investment Funds practice is truly global, with lawyers located in New York, California, London, and Asia who have experience working with investment funds investing in the United States and North America, Europe, Scandinavia, Asia, India, Africa, the Middle East, Latin America, and other emerging markets.  Our lawyers are focused on the key areas of law affecting investment funds, including corporate law, partnership law, tax, ERISA, and US and non-US securities laws.  We have worked across the full spectrum of investment fund product types, and have represented fund clients with many different industry focuses.  O'Melveny's Securitization team is a recognized leader in structuring, negotiating, and closing complex financing transactions around the world.  For more than half a century, our lawyers have handled novel securitizations and stayed ahead of the curve.  We played a part in some of the first securitization deals involving traditional receivables, as well as innovative transnational and synthetic financings in esoteric new asset classes and emerging markets.  As authorities in this field, we are counseling Chinese governmental agencies on developing the legal structure for its securitization market and proposed amendments to existing laws and regulations.

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