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  1. Innovation
    1. Davos: winning trust in a digitalised, connected world
    2. Using technology to serve our clients
    3. Finding the balance: human touch versus high tech
    4. Connected Future: a global infrastructure report
    5. ShopBack seals latest major fundraising in Singapore
    6. FinTech reshapes financial services as sector booms
    7. WeWork: pioneering a new way of office working
  2. Anticipation
    1. Coty picks CMS as global adviser following beauty parade
    2. E-Procurement sets new commercial tone for EU contractors
    3. Tristan completes EPISO 5 fund raise amidst political turbulence
    4. Portuguese renewable energy sector heats up with EUR 600m Novenergia sale
    5. New challenges in a changing world
  3. Supporting Growth
    1. Cinven acquires PPF as European pet food market flourishes
    2. Advance takes centre stage with theatre group acquisition
    3. Advent seals EUR 1.9bn Zentiva deal as healthcare booms
    4. Liberty sells European assets to Vodafone in EUR 18.4bn mega-deal
  4. Managing Risk
    1. New lab services agreements for Honeywell following Homes spin-off
    2. Creating a tax-effective structure for a private equity investment
    3. Climate change liability – new litigation risks
    4. Protecting trade marks across Europe
    5. Markel takes Hippo to task in complex insurance arrears dispute
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    1. CMS breaks ground with first global tech start up programme, equIP
    2. From China to Chile: cultural differences and the ties that bind
    3. Facing the future
  6. CSR and Diversity & Inclusion
    1. Helping to achieve a better world
  7. Partner interviews
    1. Interview with Olga Belyakova
    2. Interview with Jeremy Tan
    3. Interview with Laura Houet
    4. Interview with Ramón Huapaya
    5. Interview with Daniela Murer
    6. Interview with Christopher Jordan
    7. Interview with Herman Boersen
    8. Interview with Sibylle Schnyder
    9. Interview with Clemens Grossmayer
    10. Interview with Robert Stephen
    11. Interview with Mary Allan
    12. Interview with Matias Somarriva
    13. Interview with Denis Redon
    14. Interview with Joaquim Sherman de Macedo
    15. Interview with Eleanor Lane
    16. Interview with Niklas Zaugg
    17. Interview with Joachim Kaetzler
    18. Interview with Andreas Otto

Tristan completes EPISO 5 fund raise amidst political turbulence

"It was great to be able to assist Tristan during this particularly difficult and turbulent time politically. It is a testament to their track record that they were able to overcome this with another highly successful fund raise."
DARREN STOLZENBERG 
Partner Funds CMS London

Brexit uncertainty continued  to complicate deal activity in the cross-border financial services sector last year. Fund formation work was particularly sensitive  to the ongoing political upheaval.

Tristan Capital Partners’ closedended pan-European opportunistic real estate fund, EPISO 5, was  a case in point. The company  chose to establish this fund in Luxembourg for the first time.

Tristan’s decision was largely  driven by Brexit and, as an English fund manager, it was required  to consider the practicalities  of marketing and managing the fund in the future.

The CMS London team led by Partner Darren Stolzenberg and Senior Associate Patrick Groves, has advised Tristan on nearly all of its fund establishments to date and the closing of this deal continued our long-standing relationship with them. The deal required close co-operation between our London and Luxembourg offices.

Tristan raised in excess of EUR 1.6bn of commitments from investors at final close which, together with finance, will give them more than EUR 6.0bn to invest across Europe. The majority of the investors are from the US, with the rest from Europe and Asia.

CMS London partner Darren Stolzenberg said, “It was great to be able to assist Tristan during this particularly difficult and turbulent time politically. It is a testament to their track record that they were able to overcome this with another highly successful fund raise. Thanks go to all of the people across CMS who played their part.”

Key contacts

Darren Stolzenberg
Darren Stolzenberg
Partner