King & Wood Mallesons advised Five Arrows Principal Investments (Rothschild group) on the structuring of its second fund “Five Arrows Principal Investments II” (“FAPI II”).

Five Arrows Principal Investments II has completed its first closing with total commitments exceeding €493 million. Together with subscriptions from Rothschild employees, which are currently in progress, FAPI II's capital commitments stand at €508 million. This represents more than 70% of the fund's target size of €700 million.

FAPI II will continue to focus on the lower European mid-market and have a flexible investment mandate, as was the case in FAPI I. The fund will focus on sectors such as Healthcare, Education, Business Services, Software & Technology Services and select sub-segments of Consumer.

The King & Wood Mallesons team was composed of Funds partner Arnaud David as well as associates Marcela Moraru and Ngowari Adikibi, and of Tax partners Sylvie Vansteenkiste and Raphael Béra as well as associate Sarah Mordoff. The firm already advised Five Arrows Principal Investments including on the structuring of FAPI I in 2010.