Baker & McKenzie Advises AXA Private Equity on Acquisition of Private Equity Interests Portfolio from OMERS
Baker & McKenzie has advised longstanding client AXA Private Equity on its acquisition from the private equity arm of Ontario Municipal Employees Retirement System (OMERS) of a portfolio of 11 private equity fund investments and the related unfunded commitments.
The portfolio represents a total size of approximately US$850 million in original commitments, in predominantly North American and Global buyout funds.
AXA Private Equity is a world leader in private equity, with assets of US$28 billion managed or advised in Europe, North America and Asia. The firm offers investors the full spectrum of private equity services for every market segment: direct funds, infrastructure financing, mid cap and small cap buyouts, venture capital, co-investments, fund of funds as well as mezzanine financing.
Baker & McKenzie partner Bruno Bertrand, who led on the deal, commented: "This is a major secondary transaction in the North American market. It's a pleasure to advise AXA Private Equity on the continued growth of their funds of funds transactions."
Baker & McKenzie fielded a multi-jurisdictional team involving lawyers in Paris, New York, Chicago and Toronto, including Bruno Bertrand, Benoit Champon, Alexia Delahousse, Niamh Curry, Pat McDonald, Matt Alshouse, Rekha Auld, Jim Rossiter and Brian Segal.
OMERS is one of Canada's largest pension funds, with over $55 billion in net assets. Torys advised OMERS.