Duke Street’s sale of employee benefits company Xafinity to Advent International marks the second major secondary buyout in as many days. With the buyout market currently a dichotomy between cash-rich and exit-starved managers, SBOs could be set to rocket. Deborah Sterescu reports.
Georg Parlasca will remain in charge of operations and strategy as managing director
Apollo increases its stake after initially buying 48.67% of Gamenet from Trilantic in October 2019
Apax Partners acquired a stake in Idealista from Bonsai Venture Capital et al. in July 2015
HIG is currently investing from Growth Buyout Equity Fund III, which closed on $970m