Akin Gump Advises Adelis in €932 Million Fund Formation
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(London) - Adelis Equity Partners has announced the final closing of its Adelis Equity Partners Fund III (Adelis III), following a short period of fundraising. Adelis III, which was significantly oversubscribed, raised €855 million from external investors, on top of which Adelis’ employees have committed to invest 9 percent, or €77 million, for a total fund size of €932 million. John Daghlian led the Akin Gump team advising Adelis Equity Partners in the matter.
“John has been a fantastic partner with us for many years, and he and the Akin Gump team were instrumental in helping guide this fundraise,” said Adalbjörn Stefansson at Adelis. “We are very pleased with the outcome of Adelis III and its impact on our investor base with European and North American blue-chip institutions.”
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Mr. Daghlian was joined by fellow investment management counsel Simon Ellis; associates Michelle Liptakova and Benedict Watson; and trainee solicitor Matthew Allan.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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