Reputational risk, early secondaries help assuage LP default fears
With the Covid-19 outbreak leading investors to suddenly reassess their exposure to private equity, some GPs have feared that a number of LPs could start defaulting on commitments. But such fears appear somewhat overblown, writes Denise Ko Genovese
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Siparex Intermezzo invests in Groupe MC3
Transaction also financed with a €10m senior debt from LCL, BNP Paribas, Bred Banque Populaire and CIC
Partners Group backs Telepass in €2bn deal
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
LDC exits Mitrefinch
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Omega leads $16m round for Chord Therapeutics
Omega managing director Claudio Nessi and principal Francesco Draetta will join the company's board