Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
4 October 2016
Deals | France | Investment Funds & Asset Management
On 29 September 2016, the former French Minister for Digital Economy and Minister of Culture, Fleur Pellerin, announced having raised 100 million euros for her investment fund K-Fund 1, which will be operational in November. The funds were raised with South Korean IT company Naver and its subsidiary, the highly popular instant messaging service Line. Founded in 1999, Naver is the leading web search portal in Korea. The company employs 6,000 people and its market capitalisation reaches USD 27 billion.
Gide advises Korelya Capital, formed by Fleur Pellerin and Antoine Dresch, on the structuring and formation of the K-Fund 1 fund. The fund aims to contribute to the financing of the ecosystem of European start-ups, and of French start-ups in particular. Korelya Capital will serve as a gateway to France for the fund’s Korean investors, and its objective is to bring to the fore "at least one unicorn" in France and in Europe in the coming years.
Gide’s team on this transaction included partners Ann Baker and Christian Nouel, counsel Rima Maîtrehenry, and associate Arnaud de Keulenaer.
