Secondaries
Ardian strikes $2.5bn secondary/primary transaction with Mubadala
Ardian takes majority stake in an existing PE portfolio and becomes lead investor in a new $1.5bn fund
Stage Capital spins out from NBGI Private Equity
Deutsche Bank and Goldman Sachs back the creation of a new independent firm with €300m in AUM
HarbourVest buys extra €42m commitment in Indigo Capital V
LP almost quadruples commitment to mezzanine debt provider's 2007-vintage vehicle
JZ Capital sells Winn Group for €21m
Deal marks completion of the two-stage direct secondaries sale of JZ's EMC 2010 vehicle
Verdane invests in Searchmetrics
Verdane simultaneously acquires shares in German startups Smava and Hornetsecurity
Brexit could boost secondaries market, says Idinvest’s Bavière
Idinvest CEO Christophe Bavière calls for a measured approach to evaluating the long-term impact of the British referendum
Abundant dry powder fires secondaries prices sky high
This second installment of our secondaries focus takes an in-depth look at pricing trends
Verdane acquires wind power portfolio from Pentaco
Portfolio consists of wind turbine industry suppliers JSB Group, Polytech and Jupiter Group
LBO France moves into VC with Innovation Capital purchase
LBO France takes over Innovation Capital's investment vehicle Sisa with €68m in commitments
JZ makes 1.3x money on €96.3m direct secondary
Deal sees firm reap combined €96.3m in proceeds and 1.3x exit multiple
Verdane acquires five-company portfolio from Sequent Invest
Direct secondary deal is second portfolio acquisition by the Nordic specialist GP in 2016
Ardian picks up $940m PE portfolio from USS
Transaction marks one of Ardian's largest purchases from a UK pension fund
Verdane buys Aggregate Media portfolio in direct secondary
GP’s Verdane VIII fund acquires shares in seven Aggregate-backed companies
N+1 sells 70% of Dinamia’s portfolio to Access for €57.2m
Secondaries deal follows merger between N+1 and Dinamia in July
European funds enjoying secondaries tailwind
Currency movements and good performance boost demand for European secondaries
Sobera acquires Polytechnos portfolio
Assets include Nanotron, Panoratio and Capella
Doughty Hanson offers fund sell-downs
Doughty to facilitate sell-downs in older vehicles to support latest fund
Ardian acquires PSERS's $1.75bn PE portfolio
GP's latest fund-of-funds comprised $9bn for secondaries platform
SPFS acquires APEN portfolio for $192m
APEN also sells entire loan obligation and deleverages
Deal in Focus: DFJ acquires TTP's venture portfolio
DFJ Esprit made its 10th direct secondary acquisition by taking over the £34m venture portfolio of TTP Group
CPPIB buys SL Capital's stake in Apax Europe VII
Vehicle held final close in 2008 on €11.2bn
DFJ acquires TTP's venture portfolio
Deal is DFJ's 10th direct secondary investment
SL Capital purchases Pantheon stake
Deal understood to be SL's third transaction from debut secondary fund
Alfvén & Didrikson invests $14m in Quinyx
Swedish GP will buy out Russia's Mint Capital and replace chairman