Luxury brands turn to private equity
With a rare dual expertise in private equity and tax, Paris-based partner Sabina Comis was the obvious choice when one of France’s leading luxury brands expanded into asset management.
With fund formation and tax advice within the same team, Dechert is a great fit that matches the ambitions of clients with growing asset management portfolios.” Sabina Comis Partner “
Comis’s skillset covers a range of must-haves for asset managers, be they emerging managers taking on their first-time funds or large buy- out funds. She is not only able to advise on a vehicle’s tax, legal and regulatory structuring, but also brings unparalleled market knowledge on carried interest structuring “Tax Lawyer of the Year,” Sabina Comis Euromoney – EuropeanWomen in Business Law Awards 2021
Following the success of Artémis’s first fund, the group decided to grow its asset management activity. Artémis instructed Comis to advise on the legal and tax structuring of RRW, a new French management company actively sponsored by Artémis, and the launch of a new venture capital fund set up as a société de libre partenariat to invest in fast-growing technology companies
operating in the EU with strong potential for U.S. expansion.
SPACs still favored by investors for big deals in 2021
Dechert is advising a Certares-led investor group on its involvement in a US$5.3 billion combination expected to create the world’s largest publicly traded B2B travel platform.
Sinatra. “Our diverse skill set, including in JVs and exit strategies, inclusive of de-SPACs and other alternatives, enable us to creatively help our clients achieve their liquidity goals,” says partner Gregory Schernecke.
Partners Gregory Schernecke and Geraldine Sinatra are currently leading the Dechert team advising Certares – and the investor group led by Certares – on American Express Global Business Travel (GBT)’s plans to merge with Apollo Strategic Growth Capital (APSG), a special purpose acquisition company. This US$5.3 billion “de- SPAC” combination will result in GBT being a public company listed on the New York Stock Exchange and is expected to create the world’s largest publicly traded B2B travel platform.
Dechert has advised Certares and its investor group since it first entered into the joint venture to share ownership of GBT with American Express in 2014. In recent years, experienced management teams, investors and sponsors have turned to SPACs to execute business strategies in the face of a volatile IPO market. “GBT is an example of how Dechert prioritizes the forging of long-term relationships that allow us to support clients through their investment lifecycle,” explains partner Geraldine
Ranked #3 for U.S. buyouts and #7 for global buyouts by deal value Mergermarket H1, 2021
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