Addleshaw Goddard advises Portobello Capital on the first closing of its Fund V

International law firm Addleshaw Goddard has advised Portobello Capital on the initial closing of its Fund V, securing commitments totalling €300 million.

With a target size of €600 million, the vehicle includes, among other investors, the participation of the Spanish Official Credit Institute (Instituto de Crédito Oficial – ICO), which has contributed up to €150 million through the sixteenth call of the Fond-ICO Global programme.

This first closing has enabled Portobello Capital to carry out the acquisition of a majority stake in Portuguese group Dualparts, in line with its buy-out strategy.

The Addleshaw Goddard team that advised on the transaction was led by Funds partners Isabel Rodríguez and María de Orueta, supported by associates Lara Taylor and Aymeric Jean.