Norton Rose Fulbright advises Luxembourg investment fund on complex transactions

Global Press release - Business May 2019

Global law firm Norton Rose Fulbright has advised investment fund Augur FIS Financial Opportunities II (the sole compartment of Augur FIS SICAV – the “Compartment”) on a secondary fund buyout transaction. In this arrangement, Augur FIS’ shares were purchased by an investor, and the Compartment’s portfolio companies were assigned to Apex Group and Inlife Holding, in a deal worth approximately €100 million.

Augur FIS is a Luxembourg investment vehicle advised by Augur Capital, which included the Compartment's portfolio companies German life insurer myLife Lebensversicherung (myLife) and Luxembourg-based ManCo, AIFM fund administration and depositary business of LRI Group. The Compartment was the first investment fund to buy a Luxembourg-based management company.

The international Norton Rose Fulbright deal team included lawyers from the firm’s Luxembourg and Munich offices, working together to assist Augur FIS on the share deal and the assignment of the portfolio companies in Germany and Luxembourg.

Manfred Dietrich, the Luxembourg-based partner who led the transaction, commented:

“This deal was a complex matter consisting of several transactions that needed to happen simultaneously. Our cross-border team worked across from eight international and local firms on the counter-side, including UK and US jurisdictions, to ensure the best interests of Augur FIS and its shareholders were represented from first discussions until the closing of the entire deal row.”

The Norton Rose Fulbright team also included Munich partner Andreas Börner, and Luxembourg of counsel Torsten Sauer, senior associate Mathis Bredimus and associate Thomas Tomasic.

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Gemma Perks, Senior PR Manager
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