Club Deal Advisory
We design and structure club deals that bring a selected group of eligible investors together around a single, clearly defined opportunity under an institutional governance framework.
Our approach.
We design and structure club deals that bring a selected group of eligible investors together around a single, clearly defined opportunity — company, real asset or thematic programme — under an institutional governance framework that gives every participant clear rights, obligations and information.
A club deal sits between a bilateral transaction and a broader capital raise. It brings together a small number of investors who share conviction on a specific opportunity and who are willing to commit meaningful tickets under a structured governance framework. That format calls for a disciplined preparation on the opportunity itself, on the vehicle, and on the alignment of every participant’s expectations.
Our role is to build that framework from the ground up: qualification of the opportunity, design of the investment vehicle, definition of investor rights and reporting, engagement of the eligible investor circle, and coordination of the closing with the underlying counterparty. We remain the anchor point through which every participant interacts with the process.
Club deals may address a direct investment in a company, an acquisition of a real asset or a thematic programme built around a defined selection of underlyings. In each case the same principles apply: a clear investment thesis, a legal and governance wrapper adapted to the number of participants, and a coordinated onboarding process for every eligible investor.
- Family offices and eligible institutional investors
- Founders, asset owners and sponsors seeking curated capital
- Corporate groups looking for co-investment structures
- Private wealth structures with a defined co-investment appetite
- Direct investment in a company
A minority or reference position in a specific company, arranged for a small group of investors on aligned terms.
- Real-asset acquisition
Acquisition and holding of a single real-asset exposure through a dedicated vehicle open to selected co-investors.
- Themed selection programme
A curated portfolio of underlyings assembled around a theme, offered as a coherent programme to eligible investors.
- Sponsor co-investment
Co-investment alongside a sponsor on a defined transaction, with dedicated governance and reporting.
- Scale
- Mid-market European private transactions structured for a curated club of aligned investors.
- Timing
- Typically several months from mandate to closing, depending on complexity and counterparties.
- Geography
- European private-capital corridors — France, Italy, Monaco, Switzerland, Luxembourg — with selective MENA and UK co-investors.
- Opportunity qualification and investment thesis
- Vehicle and governance design
- Investor rights, information and reporting framework
- Investor circle engagement and coordination
- Documentation, subscriptions and closing
- 01Origination
We identify or receive a clearly defined opportunity and assess its fit with a club-deal format.
- 02Structuring
We design the vehicle, governance framework, information rights and economic terms with qualified legal and tax counsel.
- 03Placement
We engage the eligible investor circle under confidentiality and manage indications of interest.
- 04Execution
We coordinate documentation, subscriptions, funding and closing, and set up the ongoing reporting cadence.
- Direct exposure
Investors gain access to a clearly identified opportunity through a purpose-built structure.
- Selective participation
The circle is intentionally limited to investors whose profile fits the opportunity.
- Institutional governance
Rights, obligations and reporting are documented from the start.
- Aligned economics
Terms are calibrated so participants share the same economic exposure to the opportunity.
- Legal
Vehicle documentation, subscription agreements and shareholders’ agreements are prepared by qualified external legal counsel.
- Tax
Vehicle structuring and cross-border tax treatment are addressed with qualified tax counsel adapted to each participant’s jurisdiction.
- Financial
We coordinate the financial workstreams — valuation, funding, financial due diligence — with the relevant advisers.
- Governance
We set up the investor committee, information rhythm and reserved matters that govern the life of the club.
- Curated circle
We assemble investor circles intentionally, so each participant is chosen for the opportunity at hand.
- Purpose-built structures
Every vehicle is purpose-built for the specific transaction, with terms shaped by the deal at hand.
- Single point of coordination
Investors interact with one advisory team from origination through execution and reporting.
- Well-defined single-asset or single-thesis opportunities.
- Lead investors seeking aligned co-investors rather than a blind pool.
- Family offices and professional investors familiar with private-deal documentation.
- Opportunities requiring blind-pool commitments.
- Assets without a defined governance or exit path.
- Investors not eligible under the definitive documentation of the deal.
- Club deal terms, eligibility and reporting are set by the definitive transaction documentation.
- Participation is reserved to eligible investors identified during the qualification phase.
- How small is a club-deal circle?
- Circles are intentionally limited. The exact number of participants is determined by the size of the opportunity, the target ticket and the governance framework.
- What kinds of opportunities are suitable for a club deal?
- Direct investments in specific companies, acquisitions of real assets and themed selection programmes. What matters is a clear thesis and a scope compatible with a small, aligned circle of investors.
- How are investors selected?
- We qualify participants based on eligibility, ticket size, familiarity with the underlying sector and expected governance rhythm. All participation is confidential.
- What documentation supports the club deal?
- The vehicle constitution, subscription agreement, shareholders’ agreement and reporting framework are prepared by qualified external legal counsel and form the definitive documentation of the transaction.
- How is the club managed after closing?
- An investor committee, information rights and a reporting cadence are set up as part of the structuring phase and operate throughout the life of the vehicle.