PLMJ advises APAX Partners

PLMJ recently advised APAX Partners on its purchase of 100% of the capital of GNB Life, an operation that involved an initial investment of €123 million, plus a further €125 million depending on performance.

PLMJ’s advice to APAX Partners focused on all the regulatory issues and on approval from the regulator, the Portuguese Insurance and Pension Funds Supervisory Authority.

APAX Partners is a private investment fund based in London, England, with investments in companies in four sectors: technology and telecoms, services, healthcare and consumer.

The PLMJ team was coordinated by Nuno Luís Sapateiro, a managing associate from the Banking and Finance  and Capital Markets practices. His team included the associates Carolina Rebordão Nunes and Kathleen Hoffmann Barley and the trainee lawyer Pedro Roque Coelho from the same practice area, and Guilherme Seabra Galante, a senior associate from the Corporate M&A practice.