Ropes & Gray, Travers Smith, Vinge, Kirkland & Ellis and Roschier advised on EQT’s $3.2 billion acquisition of Coller Capital.

The deal, which has a purchase price of $3.2 billion, is understood to be the largest-ever secondaries fund manager acquisition.

It brings together EQT’s global scale, multi-strategy platform and active ownership model with Coller Capital’s specialist secondaries expertise, data and analytics – developed over a 35-year history – and a track record of consistently delivering strong investment performance and innovative solutions across secondaries. The combination advances EQT’s ambition to build the most attractive, scaled private markets firm, delivering industry-leading performance and solutions globally.

Ropes & Gray acted as lead global corporate and transactional counsel to EQT. The team was led by Partners Ariel Deckelbaum, Shona Ha, Elizabeth Langton, and Neill Jakobe, with support from Associates Hayley Stokes-White, Lisa McJohn, Luke Wetmore, Alex Pattisson, Michael Augustyn, Michael Asprou, and Trainee Lauren Aurelius.

Travers Smith provided strategic regulatory advice to EQT. The team was led by Alternative Asset Management Partners Phil Bartram and Danny Riding, supported by Senior Associate George Wilders, Associates Shreeya Ranchhod and Louise Richmond, and Trainee Lotte Prytz.

Vinge acted as Swedish legal counsel to EQT. The team primarily consisted of Sofie Bjärtun, Joel Magnusson, Maximilian Bengtsson (Capital Markets & Public M&A), Marcus Glader, Noelia Martinez (Regulatory), Mattias Schömer, and Morgan Ödman (Corporate tax).

Kirkland & Ellis advised Coller Capital. The team included asset management M&A lawyers Emma Lange-Novak, Jordan Murray, Andrew Reilly, Jack Rossman, Christopher Simpson, and Rob Blagov; corporate lawyers Dipak Bhundia, Jelani Okoruwa, and Angie Ertel; investment funds lawyers Amy Fox and Vincent Herjean; capital markets lawyer Alborz Tolou; debt finance lawyer Andrew Husdan; tax lawyers Ceinwen Rees, Lee Morlock, Siv Devakumar, Gal Shemer, Anthony Antioch, Beatriz Capeloa Gil, and Ted Snell-Dyson; and financial services regulatory lawyers Tom Woodhead, Dan Fallon, and Seraphina Chew.

Roschier acted as Nordic legal counsel to Coller Capital. The team was led by Pontus Enquist, Erik Ellenius, Sazan Anwar, Fredrik Mandelholm, and Björn Hård af Segerstad.