OPF Partners is a firm with a particular focus on corporate mandates, but that seems to have dropped off the radar somewhat over the past 12 months.
"OPF Partners is more concentrated on corporate work, and is not quite as visible," comments one partner, while another goes further: "OPF Partners work sporadically, they go away and now they have reappeared a bit....
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OPF Partners is a firm with a particular focus on corporate mandates, but that seems to have dropped off the radar somewhat over the past 12 months.
"OPF Partners is more concentrated on corporate work, and is not quite as visible," comments one partner, while another goes further: "OPF Partners work sporadically, they go away and now they have reappeared a bit. They have also refocused on private equity work. They are playing catch-up though, and we don't see them a lot."
Despite this reaction, the firm did do some interesting corporate deals this year. The firm advised private equity investment company Terra Firma on its acquisition of marketing leading solar power business Rete Rinnovabile from Terna, the Italian grid operator. Representing a final value of €641 million, and closing in March 2011, the transaction is one of the largest solar power generation acquisitions in Europe.
Leading lawyer Isabelle Lentz also led on a large retail M&A deal, advising Apax Partners as they purchased German clothing company Takko Fashion, through a deal structured in Luxembourg, completing for a fee of €1.7 billion in December 2010.
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OPF Partners has a team co-headed by experienced practitioner Francois Pfister, who is the main partner on the largest continuous fund being assisted by the firm. The Europe Direct Property Fund is, as the name suggests, a fund that looks to invest in European real estate and specifically is currently engaged with a residential project within Luxembourg....
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OPF Partners has a team co-headed by experienced practitioner Francois Pfister, who is the main partner on the largest continuous fund being assisted by the firm. The Europe Direct Property Fund is, as the name suggests, a fund that looks to invest in European real estate and specifically is currently engaged with a residential project within Luxembourg. The asset value of this fund is said to be around €1.2 billion, with a long-term outlook for closing around 2016.
Fellow investment co-head Harold Prize has also been busy, primarily working on a SIF (specialised investment fund) related to renewable energy production.
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