JP Morgan is offloading half of its private equity arm, One Equity Partners, to secondary funds Lexington Partners and AlpInvest, in a deal believed to be worth more than $4bn.
Michael Holgate has been promoted to partner, while Andy Dyer is now a director
Axis Participaciones and Sofimac Innovation, through Pertinence Invest 2, also take part in the round
Acquisition of processing company, rebranded as Millhouse Berlin, is the GP's fourth deal of 2020
Sale ends a five-year holding period, during which Aurelius sold Mez's Italy-based subsidiary