Press Release
January 22, 2016

Goodwin Advises Kreos Capital on EUR400M Kreos V Fund

Goodwin has advised Kreos Capital on its fundraising of Kreos Capital V, the debt provider’s latest growth debt fund. Kreos Capital V was significantly oversubscribed, hitting its hard cap of EUR400 million.

Kreos Capital provides debt financing to high-growth companies in Europe and Israel, meeting the diverse needs of growing companies at different stages in their development. There is a strong demand for flexible financing and Kreos V has already closed initial commitments to several businesses.

Goodwin’s team was led by Tom Beaudoin and Greg Barclay, partners in the firm’s Private Investment Funds Practice. Goodwin’s team also included counsel Arielle Whiting (Private Investment Funds), associate Katie Leah (UK Tax), partner Karen Turk and associate Sonita Bennitt (US Tax) and counsel Glynn Barwick (EU Regulatory).

“With a team comprised of specialists across Goodwin’s London, Boston, New York and Washington, D.C. offices, this fundraising is a testament to the expertise of the firm’s highly integrated global Private Investment Funds Practice,” Tom Beaudoin noted.

“Advising Kreos on such a successful fundraising was extremely satisfying,” said Greg Barclay. “We look forward to advising Kreos as it continues to invest in high-growth businesses across Europe and Israel.”

This latest fundraising by Kreos illustrates the strength of Goodwin’s international funds practice across all asset classes and how it complements the firm’s vibrant private equity practice as it continues to grow, most recently with expansion in Europe.

Simon Hirtzel, General Partner and COO of Kreos, said: “We were impressed throughout by the way the Goodwin Procter team, who were highly responsive throughout the fundraising, combined the depth of their experience with a pragmatic stance in negotiations and a very practical approach to the constantly changing regulatory and legislative environment."