Ogier in Luxembourg advises German-based PE / VC firm BID Equity on establishment and closing of €300 million continuation fund

Ogier in Luxembourg has advised the German-based private equity / venture capital firm BID Equity in connection with the establishment and successful closing of BID Equity’s €300 million continuation fund.

BID Equity Group supports software companies in evolving from local players into European market leaders. As their Luxembourg counsel, an Ogier team led by partner Milan Hauber, head of Ogier's German Desk, advised on various Luxembourg legal aspects related to the establishment and closing of BID Equity Continuation Fund I. The fund invests in the continued growth of software platforms based in the DACH region, initially developed under a predecessor fund.

The legal work on the fund closing and related transactions also involved Ogier’s Corporate and Tax teams, highlighting the multidisciplinary strength of Ogier’s German Desk. The teams included Milan Hauber (Luxembourg lead partner, Investment Funds), Anne-Sophie Lliteras (managing associate, Investment Funds), Maddalena Bonamini Leitner (associate, Investment Funds), Bertrand Géradin (partner, Corporate), Sarah Verlende (counsel, Corporate), Elise Berton (associate, Corporate), Aurélie Clementz (partner, Tax), Hadrien Brémon (counsel, Tax), and Muriel Jarosz (associate, Tax).

Milan Hauber commented: "We were delighted to assist BID Equity in achieving the successful closing of their continuation fund – congratulations to the entire BID Equity team. A big thank you to the Ogier teams involved, as well as the lead counsels at Orbit and Stephenson Harwood."