Secondaries
Applegreen, Equitix, Arjun to buy NIBC's infra portfolio
Applegreen will acquire a 55% stake in motorway service provider Welcome Break in the transaction
Compass completes portfolio acquisition from Bridgepoint
Deal sees Compass acquiring Bridgepoint's remaining interests in Rodenstock and Infinitas
NB Aurora buys stake in FII's portfolio
Stake acquired by NB Aurora is made up of minority holdings in 17 Italian companies
DH Private Equity completes restructuring of Fund IV
Goldman Sachs is the largest LP in the new vehicle, which has two companies remaining
Verdane buys portfolio from Bauer Media Group
Portfolio comprises three German companies including women's fashion brand Navabi
Coller leads €2.5bn secondaries deal for Nordic Capital VII
Restructuring of Nordic Capital's seventh fund is one of the largest GP-led secondary transactions inked in Europe
NB Aurora to float and acquire FII's portfolio
Fund expects to raise €150m in a private placement for institutional and professional investors
European LPs hungry for more co-investment, secondaries
Demand for primary deployment was also positive, with 37% of European LPs expecting to do more
Montana buys Italian private equity firm Nem
Firm is deploying capital from Secondary Program III, which held its final close in 2015
Nordic to restructure fund VII, roll €2.2bn into new vehicle
Buyers Goldman Sachs and Coller Capital are offering an 11% premium to NAV to existing LPs
Inflexion, CVC funds trading above NAV, says secondaries marketplace
Inflexion's 2010-vintage buyout fund is trading at nearly a quarter above NAV, according to Palico
Augmentum to launch £125m listed fund
New fintech-dedicated vehicle will acquire the GP's stakes in five portfolio companies
Secondaries: all systems go following bumper 2017
Following a slump in 2016, the global volume of PE secondary transactions increased last year to reach new records
Goldman and GIC lead restructuring of Vector funds
Both funds are managed by Vector Capital and closed in 1999 and 2005
Neuberger Berman acquires FII's portfolio
Portfolio of 21 companies has a combined turnover of €2.3bn and EBITDA of €282m
Draper Esprit acquires two Seedcamp funds
Deal sees the acquirer take stakes in a number of tech startups, including Transferwise
Lexington, BC Partners agree $1bn stapled secondary deal
Lexington was previously reported to be considering acquiring up to €1.2bn in secondary commitments
Newgate to acquire Arle Capital Partners
Development comes five months after Arle announced it was in the process of liquidation
Stapled secondaries moving upmarket
BC becomes the latest firm to benefit from a stapled secondaries deal, as some industry insiders anticipate a developing trend
Lexington to commit up to €600m to new BC fund in stapled deal
Lexington Partners agrees to buy €1.2bn of LP stakes in BC IX, while committing to fund X
Neuberger Berman in exclusive negotiations for FII's portfolio
Exclusivity ends the bidding process for the portfolio, which also attracted Tikehau and Italmobiliare
Montana to acquire GP Nem
Proposed deal follows a government-led €17bn rescue package issued for Banca Popolare di Vicenza
Tikehau, Italmobiliare make offer for Fondo Italiano portfolio
GPs set up an equally split joint venture to acquire FII's portfolio of assets
GMT liquidates 2006 fund in direct secondary deal
Consortium of investors acquires portfolio, with LPs given the option to recommit to a new vehicle