Luxembourg
Luxembourg overview
Luxembourg is the largest investment fund center in Europe and the second largest in the world after the United States. It is internationally recognized for its modern, stable and business-friendly legal and regulatory framework, designed to foster innovation, cross-border investment and sustainable growth.
Most of the transactions we advise on in Europe include elements of Luxembourg law, reflecting the widespread use of Luxembourg holding company and fund structures in international investment and financing.
We advise on a broad range of areas, with a particular focus on investment funds, private equity, corporate, finance, capital markets tax and dispute resolution. Our team has extensive experience structuring and setting up a wide spectrum of collective and alternative investment funds, including private equity, real estate, infrastructure and debt funds, and on complex sponsor-led structures and cross-border platforms.
We also cover the full spectrum of banking and finance, capital markets, restructuring, dispute resolution (in court and in arbitration) and Luxembourg and EU financial services regulations, offering integrated support across the entire life cycle of an investment or transaction.
We assist clients across the globe investing into Luxembourg, as well as Luxembourg-based clients pursuing international expansion, supporting their strategy and cross-border transactional activities.
Our clients include major corporations, leading financial institutions, alternative investment players, privately held companies and sovereigns. They rely on us to help solve complex problems, assess and capture new opportunities, comply with sophisticated regulatory requirements and implement essential business strategies.
Luxembourg experience
Our recent work highlights the breadth and depth of our Luxembourg platform across M&A, private equity, funds, finance, capital markets, tax and disputes.
PPF Group
Advising PPF Group, as part of a consortium with Advent, A&R and FedEx, on a conditional agreement for a recommended all-cash offer for all shares in Euronext Amsterdam–listed InPost S.A., valuing the company at US$7.8 billion, in one of the largest European public-to-private transactions in recent years.
Nomura
Advising Nomura Securities International Inc. on its US$1.8 billion all-cash acquisition of Macquarie's US and European public asset management business, including Luxembourg and Austrian holding entities, significantly expanding Nomura's global investment management footprint.
Mehiläinen
Advising Mehiläinen Oy on its US$1.2 billion acquisition of Luxembourg TopCo Mino and leading healthcare providers Regina Maria in Romania and MediGroup in Serbia from MidEuropa, alongside an investment partnership with Hellman & Friedman and CVC to support Mehiläinen's international growth strategy.
Hg
Advising Hg, majority shareholder of Septeo, on the minority investment by Tethys Invest and GIC in Septeo, valuing the group at more than US$3.55 billion, with Hg remaining the majority investor and Luxembourg entities playing a central role in the structure.
Africa50
Acting as lead counsel to Africa50 on the structuring, establishment and fundraising of Africa50 Infrastructure Acceleration Fund I LP, a Mauritius closed-ended infrastructure private equity fund mobilizing large-scale institutional capital for transformative infrastructure projects across Africa, including multiple closings and complex side-letter negotiations.
Les Mousquetaires
Advising Les Mousquetaires on the structuring, establishment and fundraising of a €300 million Luxembourg reserved alternative investment fund dedicated to Polish commercial real estate and the related investment platform, acting as lead counsel across Luxembourg and Poland, and coordinating funds, regulatory, financing, real estate, antitrust and tax workstreams.
Montyon Capital
Advising Montyon Capital on the design and set-up of its first Luxembourg fund platform (Montyon Capital Fund I SCSp SICAV-RAIF) and a co-investment vehicle, including fund terms, regulatory and tax aspects, side letters and investor onboarding, alongside its approximately €139.5 million acquisition of Trigo Holding SAS, supported by Luxembourg acquisition and financing structures.
BC Partners
Advising BC Partners on the structuring and establishment of its Luxembourg fund platforms, including the Luxembourg sleeve of flagship fund BC Partners XII and master-feeder structures for its private debt Special Opportunities Funds II and III, related capital call and NAV facilities, and Luxembourg tax aspects of BC Partners XII, targeting up to €6 billion.
Seraya Partners
Advising Seraya Management on Seraya Partners Fund II, including the establishment of Luxembourg fund structures and the Luxembourg tax platform for European investors in a US$1.5 billion pan-Asia infrastructure strategy, coordinating across Luxembourg, Singapore, the US, Europe and the Middle East.
Ares Management
Acting as Luxembourg counsel to Ares Management's private credit arm on the €292 million acquisition financing of Safety21 S.p.A., including €215 million senior secured PIK notes and a bespoke Luxembourg security and enforcement framework, addressing complex cross-border insolvency and COMI considerations.
LaSalle Investment Management
Advising LaSalle Investment Management, as Luxembourg counsel, on a €110 million sustainability-linked revolving credit facility for FCP Encore+, a Luxembourg real estate fund with assets exceeding €2 billion, focusing on fund governance, AIFM capacity and lender protections in a sophisticated fund finance context.
Elenia
Advising Elenia Verkko Oyj and its Luxembourg guarantors on a €500 million European Green Bond due 2033, combined with a tender offer for existing notes, including Luxembourg guarantor structuring, interaction with the EU Green Bond Regulation, and listing and disclosure aspects.
J&F
Advising J&F S.A. and J&F Luxembourg Finance S.à r.l. on a US$1.09 billion dual-track capital markets transaction involving new money bonds and an exchange offer, including Luxembourg issuer structuring, Luxembourg Stock Exchange listing and Luxembourg tax and cross-border regulatory advice.
Encore Capital Group/Mubadala
Advising Encore Capital Group, a Mubadala-related entity, on a US$900 million investment into a Luxembourg-structured Ardian fund holding a landmark Fifth Avenue real estate joint venture, including negotiation of the Luxembourg partnership agreement and a bespoke side letter addressing sovereign investor, Pillar Two, and transparency requirements.
La Banque Postale Asset Management
Designing a Luxembourg fund tax structure for La Banque Postale Asset Management in connection with approximately €1 billion of commitments for an infrastructure-focused private debt fund, aligning Luxembourg and French requirements, and embedding investor-facing tax terms in fund documentation.
Key contacts
They excel in complex cross-border matters and stand out for their responsiveness, proactivity and collaborative approach. They efficiently manage sophisticated transactions while leveraging global co-ordination.
"The team is highly client-focused, combining deep technical expertise with practical and solutions-oriented advice." – Legal 500 Investment Funds 2026
"The team delivers both high-level local expertise and solutions aligned with international market standards." – Legal 500 Tax 2026
"The practice is distinguished by agility, global integration, and deep knowledge of Luxembourg investment and financing regimes." – Legal 500 Tax 2026
"The team combines strong technical expertise in finance and corporate structuring with a pragmatic, client-focused approach." – Legal 500 Tax 2026
