Värde Partners Raises €450 Million Continuation Fund for Spanish Residential Developer

Paul, Weiss advised Värde Partners, a global alternative investment firm specializing in credit and credit-related assets, on a fully subscribed €450 million ($528 million) continuation fund for Vía Célere, a leading Spanish residential developer. The transaction values Vía Célere at nearly €1 billion and provides liquidity for Värde’s existing clients while ensuring Vía Célere remains well-capitalized and able to build on its market-leading position in Spain.

The Paul, Weiss team was led by corporate partners Victoria Forrester, James King, David Pritchett and Toby Karenowski, and included partner Reva Raghavan; and tax partners Cian O’Connor and Lindsay Parks, and counsel Olesia Zakon.