Cyber security and tech June 15, 2023

HLaw closes £21.7m secondaries club deal structure

HLaw advised a venture capital manager on the establishment of a Jersey limited partnership structure formed to acquire a portfolio of tech company secondaries from a large hedge fund manager for £21.7m. HLaw led the LPA and side letter negotiations on the deal.

The investors comprised two US managed funds and three European investors, with Jersey and US counsel providing local law advice.

Humphreys Law

Deal/project: Establishment of a club deal acquisition structure

Date closed: June 2023

Space: Cyber security and tech

Other lawyers and advisors: Carey Olsen as to Jersey law; Purrington Moody Weil as to US law


£21.7 million

Team advising
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