
Alantra PE Fund II completes secondaries deal
Alantra Private Equity has transferred the remaining portfolio of Alantra Private Equity Fund II to a new fund.
Partners Group is the leading investor in the new vehicle, alongside several existing investors that will roll over their commitments into the new fund in order to participate in future value creation from the remaining assets. The transaction provided a liquidity solution with a 2x return for the exiting investors.
Alantra Private Equity Fund II held a final close on €500m in February 2008, surpassing its target after four months on the road.
The fund's remaining portfolio is composed of three companies: orthopaedic prostheses distributor MBA; audio-visual content provider Grupo Secuoya; and electronic lock company Salto. The assets will continue to be managed by the Alantra team.
Prior to this announcement, Alantra Private Equity Fund II completed six exits, including the sale of Spanish private telecommunications Group Tryo to Sener Aeronautica and the deal for Portuguese edgebanding products manufacturer Probos, sold to Surteco for €99m.
Advisers
Alantra Private Equity – King & Wood Mallesons (legal).
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