Abrams Capital sells its stake in Castle Private Equity

At the end of January 2014, funds managed by Boston-based hedge fund manager Abrams Capital Management have sold their stake of approximately 22% in Castle Private Equity AG to several funds managed or advised by Goldman Sachs Asset Management for an undisclosed price. Castle Private Equity AG is an investment company focused on private equity investment and listed on the SIX Swiss Exchange.

Lenz & Staehelin acted as Swiss counsel to Abrams Capital Management in this transaction. The team included Rudolf Tschäni (Partner, lead) and Urs Reinwald (Associate, Capital Markets/M&A).