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.

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.

Landmark: RE secondaries hits $4.8bn

Real estate secondaries deal volume grew roughly 30 percent from $3.7bn in 2013.

Nova in talks to lead recap of Fenway funds – exclusive

Direct secondaries firm Nova is among four final bidders that would recapitalise Fenway’s 1998-vintage Fund II and 2006-vintage Fund III.

UPS: RE prices exceeded expectations

The UPS Group Trust didn’t buy any real estate assets on the secondaries market during the second half of 2014 because of high prices.

Willowridge buys into 2001-vintage Cinven fund

The firm deployed its latest fund, Amberbrook VI, which closed on $400 million in 2012.
si
si

Copyright PEI Media

Not for publication, email or dissemination