CC, CMS advise on Altamar CAM Partners creation
Clifford Chance, CMS Spain have guided Capital Partners-CAM Alternatives integration to launch a pan-European giant in the field of alternative asset management, called Altamar CAM Partners
Altamar Capital Partners and CAM Alternatives have agreed to combine their businesses to create an independent partner-led pan-European private asset manager and solutions provider with over €14 billion in assets under management to be named Altamar CAM Partners S.L, a private equity fund manager with presence in Germany and Austria. Both firms share a similar culture, vision and values based on a strong commitment to sustainability and have a solid and longstanding relationship.
The organisation resulting from this combination, which will have presence in Europe, North America, Latin America and Asia will be co-chaired by Claudio Aguirre and Rolf Wickenkamp and managed by a joint and experienced Executive Committee. José Luis Molina and Andreas Schmidt will lead the businesses in Spain and Germany, respectively. The global team will comprise 220 employees, including more than 70 investment professionals.
Clients of the combined entity will have access to a complete product, service and technology platform across asset classes (Private Equity, Venture Capital, Real Estate, Infrastructure, Private Credit and Life Sciences), strategies (primaries, secondaries and co-investments), as well as customisation and structuring options (from commingled funds to SMAs). The combined client base will consist of both institutional investors as well as private high net worth individuals and family offices.
The combined entity will also represent a stronger and more relevant investor for the General Partners they work with and will become a larger Limited Partner in their funds.
Both Altamar and CAM work with a wide range of client types (insurance companies, pension funds, savings banks, mutual banks, family offices, private wealth managers, etc.) and know how to cater for their jurisdictionally specific servicing requirements. This transaction will allow both entities to further expand their product, service and technology know-how internationally.
A Clifford Chance Spain-Germany team advising Altamar Capital Partners was led by Spain office partner Javier Amantegui (pictured top left) along with managing associate Ana Torres (pictured bottom left) and included lawyers Maria Viñas, Roberto Grau, Julia Villalón, Begoña Barrantes and Diego Domenech. From the Germany office the coordinator was partner Stefan Bruder, and the team also involved lawyers Dominik Engl, Roberto Grau, Gregor Evenkamp, Alexandra Uhl, Begoña Barrantes Díaz, Maria Viñas, Julia Villalón, Diego Doménech, Lara Stelmach, Aldara López Solà, Laura Lamster, and Matthias Kammermann.
On the other hand, CMS Albiñana & Suárez de Lezo (CMS Spain) advised the partners of CAM Alternatives with a team led by Corporate/M&A partner Luis Miguel de Dios (pictured top right) and included other Corporate/M&A members as counsel Irene Miró (pictured bottom right) and associates Victoria Vilar and Bruno de la Rica. The team also involved Tax partner Diego de Miguel and Tax counsel Ricardo Héctor, Financial Market & Services senior associate Marta González Araña and associates Santiago García de Fuentes, Luis Espejo, and Competition & EU partner Carlos Vérgez. Members of CMS Germany (Koln office) also collaborated.