Nicolas Widung, BSP Partner (Banking & Finance);
Credit: BSP
On Monday 17 March 2025, Luxembourg law firm BSP, along with Banque Internationale à Luxembourg (BIL) and Banque et Caisse d'Epargne de l'Etat (BCEE/Spuerkeess), published details of the financing agreement undertaken with European private equity firm BlackFin Capital Partners in relation to the acquisition of Luxembourg-based third-party management company Lemanik Asset Management.
BSP, which advised the banks on the financing, reported that the acquisition was mainly financed through equity provided by BlackFin Capital Partners, with part of the purchase financed through a legal agreement arranged by BIL Corporate Finance after it was mandated as lead arranger, coordinator and agent and assigned to act as co-arranger and lender together with BCEE.
BlackFin Capital Partners is a private equity platform dedicated to financial services companies in Europe with over €4 billion in assets under management.
Lemanik Asset Management manages over €30 billion in assets and provides services to small and mid-sized asset managers across Europe.
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