Becker Glynn Represents European Family Office in $316,500,000 Sale of Private Equity Interests

The Firm represented a European-based Family Office, a long standing client of the Firm, in its secondary market sale of approximately $316,500,000 of interests in 64 different private equity investment limited partnerships. There were three separate purchasing groups, each with its own Purchase and Sale Agreement and separate legal representation. The client’s goal was to consummate all of the sales as of September 30, 2017, and that target date was accomplished, notwithstanding the need for consent to the proposed limited partnership interest transfers from the general partners of each of the limited partnerships. From initial drafts in mid-August of this year to final closings on September 30, 2017, the entire portfolio was sold and full payment received by the client.