Glendower Capital’s Strategic Partnership with CVC

Debevoise & Plimpton is advising Glendower Capital, while Freshfields is advising CVC on the deal.

Glendower Capital (“Glendower”), the leading private equity secondaries investment manager, closed its agreement to establish a strategic partnership with CVC, the leading private equity and credit investment advisory firm.

The partnership will greatly complement and enhance both firms’ existing businesses and create a combined group with total assets under management of approximately €113 billion.

With roots in an international investment bank starting in 2003, and having spun out as an independent business in 2017, Glendower is an alternative asset manager exclusively focused on investing in private equity secondary transactions.

CVC is a leading private equity and investment advisory firm with a network of 24 offices throughout Europe, Asia and the US, with approximately $115 billion of assets under management.

The financial terms of the partnership were not disclosed. Glendower’s management will continue to lead the business which will operate independently under the Glendower name.

The transaction is subject to regulatory and other consents and is expected to close in Q4 2021.

The Freshfields team is being led by partners Charles Hayes (Picture), David Sonter, Jill Gatehouse and senior associate Andy Robinson. 

The Debevoise team advising Glendower is being led by partners Geoffrey Burgess and Geoffrey Kittredge, and includes international counsel Andrew Rearick, and associates Clarissa McNerney, Fatema Al-Arayedh, Nicola Bruton, Hilary Davidson, and Kay Hunter. Tax advice is being provided by partners Peter Furci and Richard Ward, counsel Samuel Duncan, international counsel Jenny Wheater, and associate Erasmo Perez. Finance advice is being provided by partner Thomas Smith, and associates Patrick Dixon, Anna Moore, and Felix Paterson. Regulatory and competition advice is being provided by partners Timothy McIver, Marc Ponchione and Patricia Volhard, and counsel Kyra Bromley and Greg Larkin.

Involved fees earner: Fatema Al-Arayedh – Debevoise & Plimpton; Kyra Bromley – Debevoise & Plimpton; Nicola Bruton – Debevoise & Plimpton; Geoffrey Burgess – Debevoise & Plimpton; Hilary Davidson – Debevoise & Plimpton; Patrick Dixon – Debevoise & Plimpton; Samuel Duncan – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Kay Hunter – Debevoise & Plimpton; Geoffrey Kittredge – Debevoise & Plimpton; Gregory Larkin – Debevoise & Plimpton; Timothy McIver – Debevoise & Plimpton; Clarissa McNerney – Debevoise & Plimpton; Anna Moore – Debevoise & Plimpton; Felix Paterson – Debevoise & Plimpton; Erasmo Perez – Debevoise & Plimpton; Marc Ponchione – Debevoise & Plimpton; Andrew Rearick – Debevoise & Plimpton; Thomas Smith – Debevoise & Plimpton; Patricia Volhard – Debevoise & Plimpton; Richard Ward – Debevoise & Plimpton; Jennifer Wheater – Debevoise & Plimpton; Jill Gatehouse – Freshfields Bruckhaus Deringer LLP; Charles Hayes – Freshfields Bruckhaus Deringer LLP; Andy Robinson – Freshfields Bruckhaus Deringer LLP; David Sonter – Freshfields Bruckhaus Deringer LLP;

Law Firms: Debevoise & Plimpton; Freshfields Bruckhaus Deringer LLP;

Clients: CVC; Glendower Capital LLC;

Author: Federica Tiefenthaler