The London and New York offices of Debevoise & Plimpton LLP have advised Adveq Holding AG (Adveq) and its shareholders in its acquisition by Schroders.

The acquisition is expected to complete in the second half of 2017, subject to usual closing conditions, including regulatory approvals.

The acquisition of Adveq accelerates the growth of Schroders’ private assets business and complements existing capabilities and expertise in the real estate and infrastructure finance sectors.

Founded in 1997 by Bruno Raschle, Adveq is a leading asset manager investing in private equity globally. Adveq invests in all private equity strategies, including venture capital, growth capital, buyout, and turnarounds through primaries, secondaries, and direct-/co-investments.

Schroders is a world-class asset manager operating from 41 offices in 27 countries across Europe, the Americas, Asia and the Middle East.

The Debevoise team advising Adveq was led by New York partner Gregory V. Gooding and London international counsel Benjamin Lyon. Tax advice was provided by London partner Richard Ward.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.