Northill Capital to acquire majority interest in Capital Four
Northill Capital, the UK-based asset management firm, has agreed to acquire a majority interest in the Danish industry-leading European high yield manager Capital Four. Plesner has acted as lead legal advisor to Northill Capital.
Capital Four was founded in 2007 and manages European high yield strategies across High Yield Bonds, Leveraged Loans, Credit Long/Short and Direct Lending predominantly on behalf of institutional investors. Capital Four is the largest independent high yield investment manager in Europe with approximately EUR 6 billion of assets under management.
Northill Capital ("Northill") is an independent business founded in 2010. Northill provides equity and seed capital to a small number of high-quality start-ups or early stage asset managers and provides equity capital to replace existing shareholders in larger more established asset management businesses. Besides Capital Four, Northill currently holds stakes in global equities manager Longview Partners, US equity growth manager Riverbridge Partners, insurance risk-related asset manager Securis Investment Partners and Asian value equity manager Ellis Munro Asset Management.
Northill's investment in Capital Four represents approximately 60% of the firm’s equity, with existing partners Sandro Näf, Torben Skødeberg and Henrik Østergaard maintaining ownership of approximately 40%.
Plesner has acted as lead legal advisor to Northill throughout the investment process.
For more information about the investment, please refer to the joint press lease