Dechert Advises Capital Square Partners on the Close of its c.US$700 Million Fund and Acquisition of Portfolio Assets

Dechert has advised Capital Square Partners (“CSP”), a private equity firm based in Singapore, on the close of a c.US$700 million fund (“CSP Fund II” or the “Fund”), and the acquisition of portfolio assets from certain funds managed by the two private equity firms CSP and Basil Technology Partners (“BTP”) (collectively, the “Team”). CSP Fund II was backed by funds managed by HarbourVest Partners, TPG NewQuest and Committed Advisors, as well as other institutional investors.

The transaction is believed to have established one of the largest technology services dedicated funds in Asia. Dechert represented CSP in structuring CSP Fund II, the negotiations with the fund’s investors and the acquisition of the portfolio assets.

Founded in 2014, Capital Square Partners invests in the telecommunications, media & technology (TMT), healthcare, consumer & business services, and education sectors across Southeast Asia and India. The team will operate under the existing CSP platform as it looks to build on a successful track-record of investing in global technology services companies.

Dean Collins, partner at Dechert in Singapore said, “We are pleased to act as Capital Square Partners’ lead legal advisor on the formation of CSP Fund II, one of the largest technology services funds of its kind in Asia. This transaction leveraged on the seamless cross-practice collaboration between our corporate and securities, fund formation, tax and regulatory teams across multiple jurisdictions including Singapore, the U.S. and Europe, allowing us to execute this complex deal within a compressed timeline.”

The Dechert team was led by Singapore-based partners Dean Collins and Siew Kam Boon, supported by partners Thomas Kim, Timothy Goh and Eng-Lye Ong, as well as associates Anna Bellingham, Shawn Yeo, Jastine Yew, Nicholas Wee, Therese Ang, Alan Zhang and Erica Phoon.

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