Shoosmiths supports consortium of major institutional investors in company exit
The venture capital (VC) team at law firm, Shoosmiths, has advised a consortium of four major institutional investors on their exit from Vauban – an online platform that helps investors back private companies from end to end.
The sustained levels of high value VC work carried out by the Shoosmiths corporate team follows their placement as the most active for venture capital deal volume across the UK and Ireland, according to Pitchbook rankings in 2021.
The exit marks equity service platform Carta’s acquisition of Vauban. Carta is a global technology company that specializes in capitalization table management and valuation software – with a multi-billion dollar valuation. The merger is set to further support investors of all sizes, from $50k syndicates to $10bn funds, as Carta looks to expand its software suite that supports venture capital backed start-ups.
Shoosmiths advised major institutional investors Pentech, Pi Labs, Outward and West Loop on the exit, with the firm previously advising the three firms on their initial investment into Vauban.
The Shoosmiths team was led by partner and head of venture capital, Alastair Peet, with support from senior associates Charlotte Cannell and Ian Lawton, and paralegal, Sharon Nicholls.
Shoosmiths’ Alastair Peet said: “This was a complex case to work on, demonstrating the breadth and skill of the Shoosmiths corporate VC team - as we continue to support such sustained levels of market activity. The exit was of high value, marking the impressive and innovative product that Vauban has to offer – and we look forward to seeing their continued success as they join forces with Carta.”