Secondaries - Deals - Unquote Secondaries - Deals Oakley Capital transfers IU Group to continuation fund Secondaries investors including HarbourVest and TPG have backed the GP-led deal for the Germany-based private university https://www.unquote.com/IMG/337/24337/online-learning-web-185x114.jpeg https://www.unquote.com/dach/official-record/3029251/oakley-capital-transfers-iu-group-to-continuation-fund https://www.unquote.com/dach/official-record/3029251/oakley-capital-transfers-iu-group-to-continuation-fund https://www.unquote.com/dach/official-record/3029251/oakley-capital-transfers-iu-group-to-continuation-fund Wed, 17 May 2023 13:07:00 +0100 Maguar marks first exit with HRworks move to continuation fund EUR 235m in total equity has been raised to further grow the company via organic strategies and bolt-ons https://www.unquote.com/IMG/195/27195/hr-software-providers-web-185x114.jpeg https://www.unquote.com/dach/official-record/3029205/maguar-marks-first-exit-with-hrworks-move-to-continuation-fund https://www.unquote.com/dach/official-record/3029205/maguar-marks-first-exit-with-hrworks-move-to-continuation-fund https://www.unquote.com/dach/official-record/3029205/maguar-marks-first-exit-with-hrworks-move-to-continuation-fund Wed, 10 May 2023 12:42:05 +0100 Charterhouse transfers Sagemcom to AlpInvest-backed continuation fund - filings GP will make a return of over 5x MOIC on the deal for French telecoms business https://www.unquote.com/IMG/008/13008/telecommunications-web-185x114.jpeg https://www.unquote.com/france/official-record/3029044/charterhouse-transfers-sagemcom-to-alpinvest-backed-continuation-fund-filings https://www.unquote.com/france/official-record/3029044/charterhouse-transfers-sagemcom-to-alpinvest-backed-continuation-fund-filings https://www.unquote.com/france/official-record/3029044/charterhouse-transfers-sagemcom-to-alpinvest-backed-continuation-fund-filings Thu, 13 Apr 2023 17:54:27 +0100 Bencis raises EUR 123m continuation fund for group of Fund IV assets Secondary deal was led by Committed Advisors and will provide backing for future growth of four portfolio companies https://www.unquote.com/IMG/184/26184/baton-relay-185x114.jpeg https://www.unquote.com/benelux/official-record/3028971/bencis-raises-eur-123m-continuation-fund-for-group-of-fund-iv-assets https://www.unquote.com/benelux/official-record/3028971/bencis-raises-eur-123m-continuation-fund-for-group-of-fund-iv-assets https://www.unquote.com/benelux/official-record/3028971/bencis-raises-eur-123m-continuation-fund-for-group-of-fund-iv-assets Thu, 30 Mar 2023 12:23:18 +0100 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 https://www.unquote.com/IMG/374/17374/zurich-web-185x114.jpeg https://www.unquote.com/dach/news/3028768/swiss-sponsor-ufenau-mulls-fourth-continuation-vehicle https://www.unquote.com/dach/news/3028768/swiss-sponsor-ufenau-mulls-fourth-continuation-vehicle https://www.unquote.com/dach/news/3028768/swiss-sponsor-ufenau-mulls-fourth-continuation-vehicle Tue, 28 Feb 2023 11:24:00 +0000 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 https://www.unquote.com/IMG/184/26184/baton-relay-185x114.jpeg https://www.unquote.com/dach/official-record/3028591/capiton-moves-two-assets-to-continuation-vehicle-fund-v-largely-unrealised https://www.unquote.com/dach/official-record/3028591/capiton-moves-two-assets-to-continuation-vehicle-fund-v-largely-unrealised https://www.unquote.com/dach/official-record/3028591/capiton-moves-two-assets-to-continuation-vehicle-fund-v-largely-unrealised Wed, 01 Feb 2023 12:15:23 +0000 DPE raises EUR 708m continuation fund for two IT consultancies German GP’s new vehicle backed by AlpInvest, HarbourVest Partners and Pantheon Ventures https://www.unquote.com/IMG/521/15521/it-web-185x114.jpeg https://www.unquote.com/dach/news/3027884/dpe-raises-eur-708m-continuation-fund-for-two-it-consultancies https://www.unquote.com/dach/news/3027884/dpe-raises-eur-708m-continuation-fund-for-two-it-consultancies https://www.unquote.com/dach/news/3027884/dpe-raises-eur-708m-continuation-fund-for-two-it-consultancies Wed, 28 Sep 2022 12:47:51 +0100 Adelis raises continuation vehicle for SSI Diagnostica New fund, with StepStone as lead investor, allows infectious test manufacturer to buy US peer TechLab https://www.unquote.com/IMG/427/17427/baton-web-185x114.jpeg https://www.unquote.com/nordics/news/3027633/adelis-raises-continuation-vehicle-for-ssi-diagnostica https://www.unquote.com/nordics/news/3027633/adelis-raises-continuation-vehicle-for-ssi-diagnostica https://www.unquote.com/nordics/news/3027633/adelis-raises-continuation-vehicle-for-ssi-diagnostica Mon, 22 Aug 2022 11:48:20 +0100 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 https://www.unquote.com/IMG/868/22868/mmc-185x114.jpeg https://www.unquote.com/dach/news/3027311/novum-places-mmc-studios-in-continuation-fund https://www.unquote.com/dach/news/3027311/novum-places-mmc-studios-in-continuation-fund https://www.unquote.com/dach/news/3027311/novum-places-mmc-studios-in-continuation-fund Mon, 11 Jul 2022 09:56:56 +0100 AlpInvest leads Equistone’s Sicame continuation fund deal The deal is Equistone's inaugural continuation vehicle in process first reported by Unquote https://www.unquote.com/IMG/244/18244/transformer-substation-web-185x114.jpeg https://www.unquote.com/france/official-record/3027256/alpinvest-leads-equistone-s-sicame-continuation-fund-deal https://www.unquote.com/france/official-record/3027256/alpinvest-leads-equistone-s-sicame-continuation-fund-deal https://www.unquote.com/france/official-record/3027256/alpinvest-leads-equistone-s-sicame-continuation-fund-deal Mon, 04 Jul 2022 15:55:52 +0100 Silver Investment forms continuation vehicle for PTF Selling investors have made returns of 6x their original investment in the precision parts producer https://www.unquote.com/IMG/333/22333/aluminium-processes-web-185x114.jpeg https://www.unquote.com/dach/news/3026977/silver-investment-forms-continuation-vehicle-for-ptf https://www.unquote.com/dach/news/3026977/silver-investment-forms-continuation-vehicle-for-ptf https://www.unquote.com/dach/news/3026977/silver-investment-forms-continuation-vehicle-for-ptf Thu, 26 May 2022 13:35:01 +0100 Equistone considers moving Sicame to continuation fund GP is also studying a potential refinancing of the French electricity distribution products and services provider https://www.unquote.com/IMG/244/18244/transformer-substation-web-185x114.jpeg https://www.unquote.com/france/news/3026504/equistone-considers-moving-sicame-to-continuation-fund https://www.unquote.com/france/news/3026504/equistone-considers-moving-sicame-to-continuation-fund https://www.unquote.com/france/news/3026504/equistone-considers-moving-sicame-to-continuation-fund Thu, 24 Mar 2022 11:58:58 +0000 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 https://www.unquote.com/IMG/003/18003/dermatology-exam-185x114.jpeg https://www.unquote.com/dach/news/3026424/ufenau-moves-corius-and-altano-to-continuation-fund https://www.unquote.com/dach/news/3026424/ufenau-moves-corius-and-altano-to-continuation-fund https://www.unquote.com/dach/news/3026424/ufenau-moves-corius-and-altano-to-continuation-fund Tue, 15 Mar 2022 11:15:00 +0000 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 https://www.unquote.com/IMG/872/26872/in-vitro-lab-diagnostics-web-185x114.jpeg https://www.unquote.com/southern-europe/official-record/3026396/ged-completes-vitro-exit-in-single-asset-vehicle-deal https://www.unquote.com/southern-europe/official-record/3026396/ged-completes-vitro-exit-in-single-asset-vehicle-deal https://www.unquote.com/southern-europe/official-record/3026396/ged-completes-vitro-exit-in-single-asset-vehicle-deal Thu, 10 Mar 2022 12:55:01 +0000 EQT sells WS Audiology to new fund EQT VIII and Santos Holding will buy the company from EQT VI https://www.unquote.com/IMG/670/20670/ear-infections-and-hearing-wweb-185x114.jpeg https://www.unquote.com/nordics/official-record/3025847/eqt-sells-ws-audiology-to-new-fund https://www.unquote.com/nordics/official-record/3025847/eqt-sells-ws-audiology-to-new-fund https://www.unquote.com/nordics/official-record/3025847/eqt-sells-ws-audiology-to-new-fund Wed, 05 Jan 2022 12:06:56 +0000 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 https://www.unquote.com/IMG/323/25323/tv-studio-news-camera-web-185x114.jpeg https://www.unquote.com/nordics/official-record/3025824/nordic-capital-exits-vizrt-reinvests-via-secondary-vehicle https://www.unquote.com/nordics/official-record/3025824/nordic-capital-exits-vizrt-reinvests-via-secondary-vehicle https://www.unquote.com/nordics/official-record/3025824/nordic-capital-exits-vizrt-reinvests-via-secondary-vehicle Thu, 30 Dec 2021 11:07:27 +0000 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 https://www.unquote.com/IMG/184/26184/baton-relay-185x114.jpeg https://www.unquote.com/dach/news/3024860/capvis-sets-up-first-ever-continuation-vehicle-for-fund-iii-assets https://www.unquote.com/dach/news/3024860/capvis-sets-up-first-ever-continuation-vehicle-for-fund-iii-assets https://www.unquote.com/dach/news/3024860/capvis-sets-up-first-ever-continuation-vehicle-for-fund-iii-assets Tue, 31 Aug 2021 12:05:00 +0100 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 https://www.unquote.com/IMG/551/20551/magazine-reading-web-185x114.jpeg https://www.unquote.com/uk/news/3024172/bc-partners-forms-eur1bn-single-asset-fund-for-springer-nature-stake https://www.unquote.com/uk/news/3024172/bc-partners-forms-eur1bn-single-asset-fund-for-springer-nature-stake https://www.unquote.com/uk/news/3024172/bc-partners-forms-eur1bn-single-asset-fund-for-springer-nature-stake Mon, 14 Jun 2021 12:44:48 +0100 Castik transfers Waterlogic to €700m single-asset fund Vehicle acquires a majority stake in Waterlogic from Castik's €1bn first fund Epic I https://www.unquote.com/IMG/170/17170/water-cooler-web-185x114.jpeg https://www.unquote.com/uk/official-record/3023930/castik-transfers-waterlogic-to-eur700m-single-asset-fund https://www.unquote.com/uk/official-record/3023930/castik-transfers-waterlogic-to-eur700m-single-asset-fund https://www.unquote.com/uk/official-record/3023930/castik-transfers-waterlogic-to-eur700m-single-asset-fund Fri, 21 May 2021 10:58:00 +0100 Montana Capital completes US venture secondaries deal Transamerica Ventures spinout HighScale Ventures will manage the assets following the sale by Aegon https://www.unquote.com/IMG/422/22422/handshake-mandate-web-185x114.jpeg https://www.unquote.com/unquote/news/3023472/montata-capital-completes-us-venture-secondaries-deal https://www.unquote.com/unquote/news/3023472/montata-capital-completes-us-venture-secondaries-deal https://www.unquote.com/unquote/news/3023472/montata-capital-completes-us-venture-secondaries-deal Thu, 08 Apr 2021 11:54:00 +0100 Ardian buys LP interest in Bregal Freshstream Freshstream I is a fund established in 2015 with €600m in commitments, and targets mid-market companies https://www.unquote.com/IMG/996/15996/office-handshake-web-185x114.jpeg https://www.unquote.com/unquote/news/3023317/ardian-buys-lp-interest-in-bregal-freshstream https://www.unquote.com/unquote/news/3023317/ardian-buys-lp-interest-in-bregal-freshstream https://www.unquote.com/unquote/news/3023317/ardian-buys-lp-interest-in-bregal-freshstream Tue, 23 Mar 2021 12:12:00 +0000 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 https://www.unquote.com/IMG/975/18975/fire-extinguisher-web-185x114.jpeg https://www.unquote.com/dach/news/3023044/ergon-forms-spv-for-fire-protection-business-svt https://www.unquote.com/dach/news/3023044/ergon-forms-spv-for-fire-protection-business-svt https://www.unquote.com/dach/news/3023044/ergon-forms-spv-for-fire-protection-business-svt Mon, 01 Mar 2021 12:25:00 +0000 Passion Capital closes venture secondaries deal Fund closed in 2011 on £37.5m but now boasts a NAV north of £100m https://www.unquote.com/IMG/483/15483/briefcase-web-185x114.jpeg https://www.unquote.com/uk/news/3022886/passion-capital-closes-venture-secondaries-deal https://www.unquote.com/uk/news/3022886/passion-capital-closes-venture-secondaries-deal https://www.unquote.com/uk/news/3022886/passion-capital-closes-venture-secondaries-deal Wed, 17 Feb 2021 12:31:47 +0000 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 https://www.unquote.com/IMG/413/22413/university-science-research-web-185x114.jpeg https://www.unquote.com/uk/official-record/3022652/schroders-sells-portfolio-of-seven-assets-to-rosetta-for-gbp49m https://www.unquote.com/uk/official-record/3022652/schroders-sells-portfolio-of-seven-assets-to-rosetta-for-gbp49m https://www.unquote.com/uk/official-record/3022652/schroders-sells-portfolio-of-seven-assets-to-rosetta-for-gbp49m Thu, 28 Jan 2021 11:51:08 +0000 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 https://www.unquote.com/IMG/187/25187/covid-stocks-185x114.jpeg https://www.unquote.com/unquote/analysis/3021825/covid-19-oversubscribed-funds-fuel-interest-in-early-secondaries https://www.unquote.com/unquote/analysis/3021825/covid-19-oversubscribed-funds-fuel-interest-in-early-secondaries https://www.unquote.com/unquote/analysis/3021825/covid-19-oversubscribed-funds-fuel-interest-in-early-secondaries Thu, 19 Nov 2020 10:01:04 +0000 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 https://www.unquote.com/IMG/992/18992/pro-baking-web-185x114.jpeg https://www.unquote.com/unquote/news/3021660/mch-sets-up-continuation-fund-to-retain-europastry-stake-report https://www.unquote.com/unquote/news/3021660/mch-sets-up-continuation-fund-to-retain-europastry-stake-report https://www.unquote.com/unquote/news/3021660/mch-sets-up-continuation-fund-to-retain-europastry-stake-report Wed, 04 Nov 2020 12:29:49 +0000 Pantheon and LGT take lead on Medixci continuation vehicle New €200m vehicle has closed in connection with a six-asset deal https://www.unquote.com/IMG/341/20341/handshake-businesswoman-poc-web-185x114.jpeg https://www.unquote.com/unquote/official-record/3021127/pantheon-and-lgt-take-lead-on-medixci-continuation-vehicle https://www.unquote.com/unquote/official-record/3021127/pantheon-and-lgt-take-lead-on-medixci-continuation-vehicle https://www.unquote.com/unquote/official-record/3021127/pantheon-and-lgt-take-lead-on-medixci-continuation-vehicle Wed, 23 Sep 2020 12:25:12 +0100 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 https://www.unquote.com/IMG/905/24905/adam-turtle-rede-185x114.jpeg https://www.unquote.com/unquote/analysis/3020938/secondary-market-update-coming-out-of-hibernation https://www.unquote.com/unquote/analysis/3020938/secondary-market-update-coming-out-of-hibernation https://www.unquote.com/unquote/analysis/3020938/secondary-market-update-coming-out-of-hibernation Fri, 11 Sep 2020 09:48:00 +0100 Providence in single-asset restructuring for HSE24 GP bought a majority stake in the shopping channel operator from Ardian in 2012 via its sixth fund https://www.unquote.com/IMG/917/16917/tv-camera-web-185x114.jpeg https://www.unquote.com/dach/official-record/3019863/providence-in-single-asset-restructuring-for-hse24 https://www.unquote.com/dach/official-record/3019863/providence-in-single-asset-restructuring-for-hse24 https://www.unquote.com/dach/official-record/3019863/providence-in-single-asset-restructuring-for-hse24 Thu, 18 Jun 2020 12:33:39 +0100 Idinvest completes secondaries deal for growth portfolio Manager has transferred 12 companies into a new fund backed by secondary capital https://www.unquote.com/IMG/422/22422/handshake-mandate-web-185x114.jpeg https://www.unquote.com/unquote/official-record/3019852/idinvest-completes-secondaries-deal-for-growth-portfolio https://www.unquote.com/unquote/official-record/3019852/idinvest-completes-secondaries-deal-for-growth-portfolio https://www.unquote.com/unquote/official-record/3019852/idinvest-completes-secondaries-deal-for-growth-portfolio Thu, 18 Jun 2020 11:47:29 +0100 Coller leads $829m GP-led secondary deal for Permira IV Transaction involves four remaining assets, including Genesys, eDreams and Asia Broadcast Satellite https://www.unquote.com/IMG/248/15248/portfolio-web-185x114.jpeg https://www.unquote.com/uk/official-record/3019548/coller-leads-usd829m-gp-led-secondary-deal-for-permira-iv https://www.unquote.com/uk/official-record/3019548/coller-leads-usd829m-gp-led-secondary-deal-for-permira-iv https://www.unquote.com/uk/official-record/3019548/coller-leads-usd829m-gp-led-secondary-deal-for-permira-iv Thu, 28 May 2020 12:35:00 +0100 Secondaries players hold fire despite copious dry powder Market is likely to pause until Q2 2020 valuations are released, potentially leading to a flurry in Q4 https://www.unquote.com/IMG/473/22473/consultant-reports-web-185x114.jpeg https://www.unquote.com/unquote/analysis/3018954/secondaries-players-hold-fire-despite-copious-dry-powder https://www.unquote.com/unquote/analysis/3018954/secondaries-players-hold-fire-despite-copious-dry-powder https://www.unquote.com/unquote/analysis/3018954/secondaries-players-hold-fire-despite-copious-dry-powder Wed, 15 Apr 2020 09:30:00 +0100 Secondaries buyers expect 30% volume drop over next two months - research Five out of 37 buyers still appear opportunistic and expect activity to go up https://www.unquote.com/IMG/914/13914/downward-arrow-185x114.jpg https://www.unquote.com/unquote/research/3018695/secondaries-buyers-expect-30-volume-drop-over-next-two-months-research https://www.unquote.com/unquote/research/3018695/secondaries-buyers-expect-30-volume-drop-over-next-two-months-research https://www.unquote.com/unquote/research/3018695/secondaries-buyers-expect-30-volume-drop-over-next-two-months-research Thu, 19 Mar 2020 08:23:00 +0000 Tender offer now out in Permira IV's GP-led process Current offer is part of a GP-led secondaries process – which began last year – for the remaining assets of Permira IV https://www.unquote.com/IMG/963/23963/offer-money-185x114.jpeg https://www.unquote.com/unquote/news/3018466/tender-offer-now-out-in-permira-ivs-gp-led-process https://www.unquote.com/unquote/news/3018466/tender-offer-now-out-in-permira-ivs-gp-led-process https://www.unquote.com/unquote/news/3018466/tender-offer-now-out-in-permira-ivs-gp-led-process Mon, 02 Mar 2020 12:05:00 +0000 Secondaries deal volume up 7% in 2019 – research Setter Capital's latest research reveals continued momentum in private equity secondaries, with 2020 set to be another record year https://www.unquote.com/IMG/195/22195/full-wallet-185x114.jpeg https://www.unquote.com/unquote/research/3018405/secondaries-deal-volume-up-7-in-2019-research https://www.unquote.com/unquote/research/3018405/secondaries-deal-volume-up-7-in-2019-research https://www.unquote.com/unquote/research/3018405/secondaries-deal-volume-up-7-in-2019-research Fri, 28 Feb 2020 09:40:14 +0000 Tikehau closes GP-led secondaries process with Five Arrows Secondaries process of six balance-sheet assets was tied to the fundraise for Tikehau Growth Equity II https://www.unquote.com/IMG/282/19282/handshake-pen-coffee-web-185x114.jpeg https://www.unquote.com/unquote/news/3018338/tikehau-closes-gp-led-secondaries-process-with-five-arrows https://www.unquote.com/unquote/news/3018338/tikehau-closes-gp-led-secondaries-process-with-five-arrows https://www.unquote.com/unquote/news/3018338/tikehau-closes-gp-led-secondaries-process-with-five-arrows Thu, 20 Feb 2020 10:38:23 +0000 US pension earmarks $25m for private debt secondaries Augusta-based MainePERS has invested 3.5% of its portfolio to alternative credit https://www.unquote.com/IMG/430/23430/money-bag-lending-web-185x114.jpeg https://www.unquote.com/unquote/news/3018302/us-pension-earmarks-usd25m-for-private-debt-secondaries https://www.unquote.com/unquote/news/3018302/us-pension-earmarks-usd25m-for-private-debt-secondaries https://www.unquote.com/unquote/news/3018302/us-pension-earmarks-usd25m-for-private-debt-secondaries Mon, 17 Feb 2020 11:29:00 +0000 Hamilton Lane backs Legend Capital fund restructuring Continuation fund is backed by institutional investors and has a five-year holding period https://www.unquote.com/IMG/006/17006/handshake-city-web-185x114.jpeg https://www.unquote.com/unquote/news/3018319/hamilton-lane-backs-legend-capital-fund-restructuring https://www.unquote.com/unquote/news/3018319/hamilton-lane-backs-legend-capital-fund-restructuring https://www.unquote.com/unquote/news/3018319/hamilton-lane-backs-legend-capital-fund-restructuring Thu, 13 Feb 2020 09:12:00 +0000 Verdane acquires Eden portfolio Deal is the first in the UK from Verdane Capital's tenth fund, which closed on SEK 6bn in January 2019 https://www.unquote.com/IMG/294/20294/london-handshake-web-185x114.jpeg https://www.unquote.com/uk/official-record/3018234/verdane-acquires-eden-portfolio https://www.unquote.com/uk/official-record/3018234/verdane-acquires-eden-portfolio https://www.unquote.com/uk/official-record/3018234/verdane-acquires-eden-portfolio Tue, 11 Feb 2020 11:50:26 +0000