Dechert assists Singapore equity firm in USD700m tech fund

Dechert assists Capital Square Partners

Dechert advised Singapore-based private equity firm Capital Square Partners (CSP) in its collaboration with counterpart Basil Technology Partners (BTP) to close a USD700 million technology services dedicated fund.

CSP tapped Dechert’s advice in structuring the fund and the acquisition of portfolio assets managed by both equity firms.

Dechert also assisted CSP in negotiations with the fund’s investors, including HarbourVest Partners, TPG NewQuest and Committed Advisors, as well as other institutional investors.

Partners Dean Collins and Siew Kam Boon led the Dechert team, supported by partners Thomas Kim, Timothy Goh and Eng-Lye Ong, as well as associates Anna Bellingham, Shawn Yeo, Jastine Yew, Nicholas Wee, Therese Ang, Alan Zhang and Erica Phoon.

CSP and BTP will operate under the existing CSP platform as it looks to build on a successful track record of investing in global technology services companies.

In the past decade, both equity firms have managed more than USD1.3 billion in assets and have operated and exited multiple companies in the technology services space.