Addleshaw Goddard has advised Mapfre on the launch of its second biomethane fund
Addleshaw Goddard has advised MCH private equity on the structuring and tax aspects of its continuation fund MCH Continuation Fund II FICC.
The vehicle has been launched to continue MCH’s investment in Europastry, a company operating in the frozen dough sector.
The fund is led by Ares Management and backed by the European Investment Fund and Newbury Bridgepoint. The continuation fund allows MCH to extend its investment in Europastry, where it has been a shareholder since 2011.
Fund structuring
The transaction relates to the structuring of a continuation fund, a mechanism used by private equity firms to maintain investments in portfolio companies.
The initial continuation fund and the new vehicle bring MCH’s total investment in Europastry to €300m.
The team
Addleshaw Goddard’s team was led by funds partner María de Orueta, together with senior associate Gonzalo Lozano. Tax advice was provided by partner Alberto Ruano, alongside senior associate Cristina Galán.
