Sunday 18 April 2021
Select a region

Offshore firms support Lakestar

Offshore firms support Lakestar

Wednesday 17 June 2020

Offshore firms support Lakestar

Independent fund and corporate services provider, the Aztec Group, and Guernsey based offshore law firm, Ferbrache & Farrell, have supported European venture capital specialist firm Lakestar with the side by side closing of its third-generation fund 'Lakestar III' and 'Lakestar Growth I'.

With a focus on early and growth-stage Internet and technology ventures, Lakestar invests in global companies and has a presence in Europe, North America and Asia. The firm’s previous investments include Facebook, Spotify, Skype and Revolut.

Lakestar III closed with commitments of €252 million and will have an investment focus on early stage companies. With a focus on growth stage businesses, Lakestar Growth I raised a total of €426 million.

Aztec Group’s Private Equity team in Guernsey led by Matt Chick and Maria Guinness-Browne supported Lakestar with the set-up of the Funds, and will provide ongoing administration and accounting services.

Matt Chick, Associate Director, Aztec Group, (pictured above) said:

“We’re delighted to have worked with Lakestar and Ferbrache & Farrell on two very successful fund launches. We look forward to supporting the Lakestar team as they continue to invest into an exciting and fast-moving sector, and to applying our experience and knowledge of the tech-focused venture capital space.”

Gavin Farrell

Pictured: Gavin Farrell.

The Ferbrache & Farrell team consisting of Gavin Farrell and Belinda Hartzenberg provided Guernsey commercial, legal and regulatory advice to Lakestar in respect of the formation, structuring and launch of the Funds.  Ferbrache & Farrell also assisted in negotiations with investors together with the Funds’ lead counsel, Clifford Chance Munich as led by Sonya Pauls.

Gavin Farrell, Ferbrache & Farrell, added:

”It is always very pleasing for us when we see clients continuing to use Guernsey and Ferbrache & Farrell when launching their new successful ventures. As a small recently established legal practice we feel privileged to continue to advise large successful funds teams such as Lakestar and assist our Island in maintaining its position as a premier offshore financial centre.”

Pictured top: Matt Chick. 


Sign up to newsletter



Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.

There are no comments for this article.

To place a comment please login

You have landed on the Bailiwick Express website, however it appears you are based in . Would you like to stay on the site, or visit the site?