SJ Berwin wins Goldman mandate on CC conflict

SJ Berwin has secured its first major instruction for Goldman Sachs Asset Management after the fund manager’s longstanding firm Clifford Chance was conflicted out.

SJ Berwin private equity and corporate finance partner Mark Mifsud lead the team from SJ Berwin acting for The Goldman Sachs Vintage Funds on its €400m (£272m) agreement with Société Générale to purchase two private equity funds managed by SG Capital Europe.

Clifford Chance stood down from advising Goldman Sachs on the transaction, after partner Matthew Judd was instructed by Société Générale.

Under the terms of the agreement, Goldman Sachs will acquire SG Capital Europe Fund I LP and SG Capital Europe Fund II LP for €220m (£150m). Goldman Sachs and Société Générale have also committed to invest €180m (£123m) in aggregate in a new fund to be managed by SG Capital Europe.

The transaction is expected to close shortly pending certain regulatory requirements.