King & Wood Mallesons (KWM) advised the European venture capital firm Lakestar on the closing of its second, heavily oversubscribed Fund, raising more than € 350 million in commitments.

Lakestar II is a Guernsey-based venture capital fund, founded in September 2014. As with Lakestar’s predecessor funds (Lakestar I and the institutional vehicle Trayas Investments), Lakestar II focuses on identifying, investing in and establishing new technology-based businesses.

With Lakestar II, the highly experienced venture capital team with Klaus Hommels at its helm continues its success story and concentrates on early stage and growth stage investments. The primary focus is on internet-based technology companies and services that are predominantly based in Western Europe and the US.

The investor base of Lakestar II 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) and Benjamin Böhning (associate, both Munich)

Tax/Regulatory

    Christian Schatz (Partner, Munich)