Linklaters advises Telemos Capital on their investment in Highvern and merger with Permian

Linklaters has advised Telemos Capital (“Telemos”) on the signing of binding agreements to combine Highvern and Permian in order to create a leading international funds and private capital services provider.

Telemos, the current majority shareholder of Permian, Levantor (former majority owner of Permian) and Highvern founders Martin Hall and Naomi Rive will reinvest alongside both senior management teams to continue investing in service offerings, people and technology in order to meet the evolving needs of clients and to support future growth.

Highvern, a leading provider of bespoke solutions in fund services and private capital, and Permian, the leading fund services provider for alternative investment funds in the Nordic region, are already leaders in their respective markets. The Permian and Highvern brands are long-established and have built strong reputations for service quality and the strength of their client relationships. These will remain central to the group’s future values and strategy going forward.

Together, Permian and Highvern operate in 7 jurisdictions with close to 300 employees and plan for further accelerated organic growth, as well as further expansion into new strategic markets.

Subject to regulatory approvals, the transaction is expected to close by mid-2025.

The Linklaters team advising Telemos Capital was led by Co-head of the Global Financial Sponsors Sector Ben Rodham, Private Equity Partner Genna Marten, Leveraged Finance Partner Thomas Waller, Antitrust & Foreign Investment Partner Neil Hoolihan, Tax Partner Jamie Coomber, and Financial Regulation Partner Alastair Holt. The core team also included Managing Associates Martin Arnal and Ksenija Brajovic and Associate Jessica Dougan in the Corporate team, and Managing Associates Imogen Bailey (Leveraged Finance), Jordan Lipski (Antitrust & Foreign Investment), Philip Gilliland (Tax) and Pan Papakyprianou (Financial Regulation Group).