Debevoise & Plimpton LLP has advised activist private equity firm DBAY Advisors on the successful raising of its third fund, DouglasBay Capital III Fund, which between its main fund and co-investment vehicles has raised approximately €335 million, surpassing its target of €300 million. The fund will continue the DBAY Advisors investment strategy of making investments in small and micro-cap listed companies in Europe.
A diverse group of institutional investors in Europe and the US supported the raise, with commitments from pension funds, family offices, asset managers, trusts and foundations.
DBAY Advisors’ core team has been working together for nearly 15 years and combines a diversified set of skills from financial and operational backgrounds, with deep insight into a number of industry sectors.
The Debevoise team advising DBAY Advisors was led by partner Geoffrey Kittredge, and included associates Tom Hodge and Kay Hunter. Tax advice was provided by partners Richard Ward and Matthew D. Saronson, and associates Paul Eastham and Patrick Fasoro.
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