Goodwin advised Jolt Capital, a fully independent Private Equity firm, on the fundraising of its fourth growth fund Jolt Capital IV for an amount of €271 million, well oversubscribed above its €250 million target.
Investors are sovereign funds, financial institutions, corporations and entrepreneurs mostly located in Europe. Following Jolt Capital IV’s “Tibi” accreditation (a French governmental initiative launched to support tech companies in France), the fund was also able to attract several major insurance companies and pension funds.
Jolt Capital IV will pursue a similar investment strategy to Jolt Capital’s predecessor growth funds. It will invest in growth-stage B2B tech companies (software and hardware), with primary focus on Europe and ticket sizes from €10 million to €40 million.
The Goodwin team advising Jolt Capital was led by Sarah Michel on fund formation aspects, Marie-Laure Bruneel on French tax aspects, Robert Kester on U.S. tax aspects, Matthew Giles and Jessica Taubman on U.S. regulatory aspects.