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.

Looking back: Top five deals of 2017

Secondaries Investor examines the transactions that caught the eye over the last 12 months.

Looking back: Asia-Pacific

Deals linked to Asia-Pacific made headlines in a year when deal volume and fundraising in the region flatlined.

Italy’s F2i secures €3.1bn as first fund merges with third

The group secured over €1.7bn from the 11 main investors in its first vehicle, including Ardian, and seeded its latest vehicle with assets from its maiden fund.

Ardian picks up Cinven stakes from Altamar

The investment firm acquired stakes in Cinven's 2006-vintage flagship fund which holds UK financial advisor Just Group and German truck component maker JOST.

Ardian offloads €1.1bn Fund II assets to APG and AXA

The investment firm will retain either an asset management or advisory role at each of the companies and projects in the eight-strong European portfolio.

EQT used Fund VII in Asia staple

LPs in the firm's 2015-vintage buyout fund were also given the option to sell their stakes to Partners Group, Secondaries Investor has learned.
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Pantheon buys in Marguerite GP-led

The deal involves five European renewable and concession-based assets from the infrastructure manager's first fund.

USS offloads another portfolio to Ardian – exclusive

The sale is at least the second between the Universities Superannuation Scheme and the investment firm as the UK pension faces a growing liabilities deficit.

Nordic Capital restructuring attracts bids – exclusive

Primary and secondaries market players are keeping a keen eye on the process involving the firm's €4.3bn 2008-vintage fund.

Sacramento County swaps separate accounts for fund stake

In an unusual real estate secondaries deal that one executive called a ‘no-brainer,’ the $8.6bn pension system is trading six assets for a $250m interest in an open-ended fund.
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