Deals

Find out who’s buying, who’s selling and what is being sold. Get detailed information on the structures involved in secondaries deals, including LP portfolio sales, GP-led processes, spin-outs, restructurings and stapled deals.

Evercore: deal volume hit $47bn in 2014

Direct secondaries, GP-led transactions and other restructurings accounted for 19 percent of total volume.

VC bank MicroVentures sees 15% discounts

The Austin-based venture capital investment bank focuses about 40 percent of its investments on secondaries.

SLEPET buys into Advent, Cinven

The listed fund of funds from SL Capital Partners increased its position in Advent Global Private Equity VI and The Fourth Cinven Fund.

CPPIB paid 2.5% premium for Apax stake

Apax Europe VII recently exited Swiss mobile operator Orange Communications for $3bn.

Lone Star buys Moorfield RE portfolio for £1bn

Investments in the portfolio include hotel property chains Mercure and MGalleries and a Winchester, England student accommodation.

Graphite builds up position in BC Europe IX – updated

The Graphite Enterprise Trust has purchased a stake in the fund from New York-based Columbia University.

Vision realises two European investments

The direct secondaries firm has sold personal care products maker Pantex and hydraulic hose company Pirtek.

Partners pays €233m in Italian RE secondaries deal

The firm has bought two offices in the center of Milan from Unicredito Immobiliare Uno via a secondary transaction it dubbed as a “win-win” for both the seller and buyer.

Strat Partners, GSAM complete $350m recap of TCW/Crescent funds – exclusive

A group of secondaries firms purchased LP interests in two special situations funds for a single-digit discount to net asset value.

Greenhill acquires Cogent for $97m – updated

The Cogent team is expected to benefit from Greenhill’s relationships with institutional investors, particularly in the real estate sector.
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