Press Release February 12, 2015

Goodwin Advises APEN on $192 Million Divestment of ‘Legacy Portfolio’

Goodwin Procter attorneys recently advised APEN Ltd on the divestment of its ‘legacy portfolio’ of private equity funds and privately held operating companies to Strategic Partners Fund Solutions for $192 million. The transaction allows APEN to focus exclusively on its emerging markets investment strategy.

APEN Ltd is a Swiss investment company listed on the SIX Swiss Exchange. Managed by GP Advisors, part of GP Investments Group, APEN holds a diversified portfolio of private equity funds and privately held operating companies. Strategic Partners Fund Solutions is an investor in the secondary private equity market and a division of Blackstone, a global asset manager.

The Goodwin team advising APEN was led by partner Martin Carmichael and included partners Mat Sibble, Janet AndolinaTom LaFond and Gregory Barclay, and associates Lynette Elam and Argyrios Saccopoulos.

To learn more about this transaction, read the APEN press release.