The total number of European private equity deals fell by 24% in the second quarter of this year, while aggregate deal value jumped by 115%, according to the latest unquote” Private Equity Barometer, published in association with SL Capital.
Standout Capital holds 55% of the shares, while former owners retain a 45% stake in the company
Deal marks a partial sale for the US-based private equity house after a three-year holding period
Postgraduate student loans company also secured a $200m debt facility as part of the deal
Fundraising figures from unquote" data point towards a record year for UK-based managers, following the post-crisis peak reached in 2016