King & Wood Mallesons (KWM) advised the European venture capital firm Point Nine Capital on the closing of its third, oversubscribed Fund (PNC III), raising more than €55 million in commitments.

As with Point Nine Capital`s predecessor funds (PNC I and PNC II), PNC III focuses on minority stakes in early-stage Internet-based businesses worldwide and in particular in continental Europe.

As a highly experienced venture capital investor, Point Nine Capital addresses mainly industry sectors which combine proven business models with high growth potential such as Software-as-a-Service (SaaS) and online marketplaces.

The investor base of Point Nine Capital Fund III is global.

With its exceptional expertise in fund structuring and its unrivalled understanding of fundraising requirements, KWM has unparalleled industry insight. The International Funds Team structures the most funds worldwide and advises on all legal and economic aspects of fund structuring.

Sonya Pauls is one of the leading national and international experts in the global field of fund formation, representing some of the most prominent European and global fund managers and investors with over 20 years of experience in the field. She and her team are specialized in structuring and establishing private equity and other investment funds. Sonya Pauls provides extensive advice on all aspects of fundraising, complex carried interest and other such compensation plans, spin-outs, reorganisations, restructurings as well as alternative dispute resolution in GP/LP relations.
KWM advisors:
King & Wood Mallesons, Germany

International Funds

    Sonya Pauls (lead partner, Munich)

Tax / Regulatory

    Christian Schatz (Partner, Munich)