Three Hills Capital Partners’ Establishment Of Two New Funds

Clifford Chance advised Three Hills Capital Partners, a leading mid-market capital provider in Europe on the establishment of two new funds, Three Hills Capital Solutions I and Three Hills Capital Solutions II, in a EUR 192 million GP-led secondary transaction.

The new funds, managed by THCP, will acquire a total of seven companies from Three Hills and Three Hills Decalia.

The transaction provides THCP significant new capital to support follow on investments and deliver further value accretion in the Portfolio, as well as offering an attractive liquidity option to the existing investors in Fund I and Fund II.

The transaction was led by Idinvest Partners, a leading European institutional investor, with €8 billion under management. THCP received strong support for this transaction from their existing investors, with a large proportion of investors in Fund I and Fund II electing to re-invest into the new funds.

THCP was founded in 2013 and currently manages three funds with c.€1b AuM. THCP provides flexible capital solutions to entrepreneurs who believe in their Business’s potential, and are therefore seeking a structure less dilutive and more customised than traditional private equity.

The team advising THCP on this transaction was led out of Luxembourg by Kristof Meynaerts (Picture), Investment Funds partner assisted by among others Severina Käppeli, associate Investment Funds as well as the team of Katia Gauzès, Corporate partner assisted by associate Corporate Nazim Faïd.

Involved fees earner: Nazim Faïd – Clifford Chance; Katia Gauzès – Clifford Chance; Severina Käppeli – Clifford Chance; Kristof Meynaerts – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Three Hills;