J+Legal advises BlueCrow on Lisbon VC Listing

J+Legal has advised BlueCrow Growth Fund I on the listing and quotation process on Euronext Access Lisbon, with the Fund being admitted to trading with a valuation of approximately €167 million. This listing operation marks the first registration of a venture capital (VC) fund on the Euronext Access Lisbon market, with around 99,000,000 units admitted to trading. The official Bell Ringing Ceremony marking the listing took place on July 14 at the Euronext Lisbon headquarters on Avenida da Liberdade.

BlueCrow Growth Fund I is designed to boost small and medium-sized enterprises with high growth potential in strategic sectors of the national economy, including industrial, agribusiness, and hospitality.
António Mello Campello, partner at BlueCrow Capital, described this milestone as “historic”. Euronext Access Lisbon is a Multilateral Trading Facility (MTF) operated by Euronext, designed for startups and SMEs in Portugal seeking to raise capital and gain the advantages of listing on a stock exchange.

Advisors

This listing process was the result of a joint effort involving several parties, including BlueCrow Capital, Euronext, Carmo & Cerqueira as listing sponsor, and J+Legal as legal sponsor.

On behalf of J+Legal, the listing process was coordinated by Lourenço Côrte-Real (pictured), senior associate, together with associates Carolina Serrano Correia, Francisca Lee, José Afonso Caiado, and Assunção Brandão Mira.

On the Fund’s side, the listing project was coordinated by António Mello Campello in collaboration with Fernando Mendonça de Lima, head of legal, Manuel Cabral Ogando, investment manager, and André Lince Núncio, analyst. On the Euronext side, the operation was overseen by Isabel Ucha, CEO of Euronext Lisbon, and Rita Albuquerque.

The Carmo & Cerqueira auditing team, acting as listing sponsor, was led by José Carmo, partner at Carmo & Cerqueira, with the support of Joana Barros and Bruno Abreu.