Secondaries
Swiss sponsor Ufenau mulls fourth continuation vehicle
Recently registered in Luxembourg, new fund follows the close of a EUR 563m continuation vehicle by the firm in April 2022
Capiton moves two assets to continuation vehicle; Fund V largely unrealised
Eurazeo and Unigestion among LPs in new fund for industrial tech businesses Raith and AEMtec
DPE raises EUR 708m continuation fund for two IT consultancies
German GP’s new vehicle backed by AlpInvest, HarbourVest Partners and Pantheon Ventures
Adelis raises continuation vehicle for SSI Diagnostica
New fund, with StepStone as lead investor, allows infectious test manufacturer to buy US peer TechLab
Novum places MMC Studios in continuation fund
New vehicle will allow German GP to complete wind-down of Fund I; DWS Private Equity added as anchor investor
AlpInvest leads Equistone’s Sicame continuation fund deal
The deal is Equistone's inaugural continuation vehicle in process first reported by Unquote
Silver Investment forms continuation vehicle for PTF
Selling investors have made returns of 6x their original investment in the precision parts producer
Equistone considers moving Sicame to continuation fund
GP is also studying a potential refinancing of the French electricity distribution products and services provider
Ufenau moves Corius and Altano to continuation fund
Bought in 2017, the dermatology and vet groups have been transferred into the Swiss GP’s third continuation vehicle
GED completes Vitro exit in single asset vehicle deal
GP reaps gross return of 4.0x invested capital and 38% IRR; deal follows sale of Vitro subsidiary to trade in January
EQT sells WS Audiology to new fund
EQT VIII and Santos Holding will buy the company from EQT VI
Nordic Capital exits Vizrt; reinvests via secondary vehicle
Vizrt's revenues doubled during Nordic Capital's six-year tenure, driven partly by the 2019 acquisition of US peer NewTek
Capvis sets up first ever continuation vehicle for fund III assets
Three remaining assets in the 2008-vintage funds are Hessnatur, Arena and Kaffee Partner
BC Partners forms €1bn single asset fund for Springer Nature stake
BC acquired a majority stake in the academic publisher in 2015 via its 2011-vintage BCEC IX fund
Castik transfers Waterlogic to €700m single-asset fund
Vehicle acquires a majority stake in Waterlogic from Castik's €1bn first fund Epic I
Montana Capital completes US venture secondaries deal
Transamerica Ventures spinout HighScale Ventures will manage the assets following the sale by Aegon
Ardian buys LP interest in Bregal Freshstream
Freshstream I is a fund established in 2015 with €600m in commitments, and targets mid-market companies
Ergon forms SPV for fire protection business SVT
GP's €270m fund will invest only in the fire protection company, which Ergon bought from IK in 2017
Passion Capital closes venture secondaries deal
Fund closed in 2011 on £37.5m but now boasts a NAV north of £100m
Schroders sells portfolio of seven assets to Rosetta for £49m
Immunocore recently filed for an IPO, and, in light of this news, Shcroders has agreed an earn-out
Covid-19, oversubscribed funds fuel interest in early secondaries
Early secondaries are tipped to become more plentiful in the coming months, but market observers urge caution to mitigate potential pitfalls
MCH sets up continuation fund to retain Europastry stake – report
Spanish GP rules out an exit of the patisserie business via either a stake sale or an IPO
Pantheon and LGT take lead on Medixci continuation vehicle
New €200m vehicle has closed in connection with a six-asset deal
Secondary market update: coming out of hibernation
After a pause in activity, the market is gearing up for a busy final quarter, says Rede Partners' Adam Turtle
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