News – Venture Capital & Private Equity practice
31 January 2016
Cresco acted as lead counsel in the structuring, formation and funding of Fortino Capital, a long-term oriented venture capital and private equity focused fund managed by managing partner Duco Sickinghe, Baudouin Jolly and Renaat Berckmoes, a team combining both successful venture capital, private equity and international entrepreneurial experience.
Fortino Capital, provides growth and expansion capital as well as expertise to European entrepreneurs and companies with a focus on Technology (SaaS based software platforms, big data analytics and TMT), Industrial Production (processing and specialty chemicals) and Consumer Goods.
Duco Sickinghe and Renaat Berckmoes comment: “The Cresco team has a wealth of knowledge and expertise with respect to fund formation. Their legal intellect and expertise, their hands-on can-do approach, as well as their easy access to international legal expertise have been a key factor in the successful incorporation of Fortino Capital.”
The fund secured total commitments in the amount of approximately EUR 45 million upon its initial closing.
David Dessers, Pieter Capiau and Wim Van Berendoncks constituted the deal team for this transaction. Cresco has advised on all of Fortino’s investments made to date and will continue to act as its key counsel going forward.
More information on the transaction can be found in De Tijd.