Institutional Investors in the Replacement of Private Equity Fund Management Company Cape Natixis

August 8, 2011

Cleary Gottlieb represented a number of institutional investors in private equity funds managed by Cape Natixis in the replacement of Cape Natixis as manager of the funds. The investors appointed Opera as the new management company. Bidding management companies also included BS Investimenti, i2 Capital Partners, Idea Capital Funds (in partnership with Atlantis Capital) and IGI.

The replacement was a first in the Italian private equity market and took place in the context of an extraordinary administration proceeding initiated by the Bank of Italy.