In the third of Unquote's Lockdown series, Francois Aguerre, partner and co-head of origination at Coller Capital, discusses how long-term investment prospects are still strong despite the current economic disruption.
The correction we are likely to see in the secondaries market will be part of a wider global correction leaving all market players starting from a new basis, Aguerre says, adding that there will most certainly be a better pricing environment for secondaries buyers.
Aguerre also notes that Coller's pipeline of opportunities has not declined commensurately with transaction volumes, meaning activity could pick up fairly quickly once there is more certainty on both the buy- and sell-side.
Transaction also financed with a €10m senior debt from LCL, BNP Paribas, Bred Banque Populaire and CIC
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Omega managing director Claudio Nessi and principal Francesco Draetta will join the company's board