AKD assisted Guide Plus in obtaining the EuVECA label. Following recent amendments to the EuVECA Regulation, AKD is once again assisting an investment fund to obtain this label.
The EuVECA label means that participations in the EuVECA fund can be offered in other EU member states to professional investors, without those states being able to set additional terms and conditions. This way, investment institutions and their managers avoid high administrative expenses whilst maintaining access to the European capital markets.
The AFM grants EuVECA labels to investment institutions if they and their managers meet certain quality requirements as laid down in the Venture Capital Fund (EuVECA) Regulation. The Regulation's most important condition is that the investment institution must invest at least 70% of the total capital in shares (or other share instruments) of unlisted SMEs. This stimulates venture capital to contribute to, among other things, economic growth, employment, entrepreneurship and innovation in the EU member states.
AKD's Jasper Verhoog advised Guide Plus on financial supervisory issues and on the application for the EuVECA label.
Furthermore, AKD's M&A team headed by Nathalie van Woerkom and Rosanne Vlasveld advises Guide Plus on current and future investments in and by the fund.