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.

Lexington buys raft of stakes from German media firm

The stakes were accrued as part of ProSiebenSat 1 Media's 'media-for-equity' programme, through which it exchanges media coverage for equity stakes in promising companies.
Finland

HarbourVest acquires debt stakes from Finnish insurer

The deal involved Varma Mutual Fund Pension selling part of its stakes in two MML Capital Partners mezzanine funds to the investment manager.

SLEPET acquires TowerBrook IV stake

The listed arm of SL Capital Partners acquired three stakes in the six months to March.

CPPIB shops $1bn portfolio – exclusive

The private equity portfolio is diversified by vintage and region, Secondaries Investor has learned.

HarbourVest, Portfolio Advisors pick up Black Diamond stakes – exclusive

One of the interests sold in the manager's 2006-vintage distressed fund was a $100m stake held by Ontario Teachers' Pension Plan, Secondaries Investor has learned.

Ardian offloads $700m portfolio to Strategic Partners – exclusive

Stakes offloaded so far include tail-end interests in Carlyle, Lyceum Capital and Rutland Partners-managed vehicles, Secondaries Investor has learned.

Landmark strikes preferred equity deal with Clearlake – exclusive

The secondaries firm used its latest private equity fund to finance the transaction, Secondaries Investor has learned.

Composition Capital Partners to wind down

The real estate fund of funds manager had explored an asset sale on the secondaries market last year.
staple

BC Partners seeks staple for Fund X – exclusive

LPs in the buyout firm's 2011-vintage €6.7bn ninth fund will be offered bids for their stakes in the summer, Secondaries Investor has learned.

Verdane snags fishing hook maker

This is the seventh investment from the Nordic direct secondaries firm's Verdane Capital IX.
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