27 Feb 2024

Guernsey professionals advise on €310 million fund deal 

Guernsey law firm Carey Olsen and fund administrator Alter Domus have advised healthcare and sustainability investment firm Gyrus Capital on the final close of its €310 million fund, Gyrus Capital Fund II. 

This exceeds the €215 million raised for Gyrus Fund I in 2021. 

Fund II will be a continuation of fund I, generating returns from investments into businesses operating in the healthcare and sustainability sectors. 

The fund has already completed its first investment, LRE Medical, a provider of point of care diagnostic and life sciences devices which employs more than 250 people across two sites in Germany. 

Fund II consists of the principal fund and an open-ended co-investment vehicle, allowing Gyrus to make larger investments. 

The Carey Olsen Guernsey corporate team advising Gyrus comprised David Crosland, senior associate James Cooke and associates Claire Cooke and Bhavik Mehta. 

Alter Domus Guernsey provided fund administration solutions from its local office. The fund services team supporting Gyrus’ fund II closings included director Tom Amy, associate director Katie Le Gallez, manager James Arrol and senior officer Dan Guilbert. 

Based in Geneva, Gyrus focuses on complex transactions such as corporate carve-outs and entrepreneur successions in the €50 to €500 million range.