Simpson Thacher represented Magnesium Capital LLP (“Magnesium”) in connection with the establishment of its inaugural fund, Magnesium Capital I. Magnesium has announced that Magnesium Capital I closed at €135 million, exceeding its target of €100 million. The oversubscribed fund received strong support from a diverse group of institutional investors from the United States, Europe and the United Kingdom. Magnesium is an energy transition buyout specialist focused on high growth, profitable businesses that support the energy transition, focused on businesses with certain competitive advantages in their core technology or tech-led service that have a positive impact on the way consumers and businesses either produce, distribute or consume energy.
The Simpson Thacher team included Jason Glover, Nicholas Chong and James Connolly (Funds); Jonathan Goldstein, Sarah Lindley, Meredith B. Jones, Alex Ladyman, Jenna Al-Malawi and Darius Meehan (Tax); and Owen Lysak, Matt Feehily, Luqman Meedin and Sandy Anderson (Regulatory).