GP-Leds

In the wake of former head Larry Thuet's retirement, Jonathan Costello talks to Secondaries Investor about growth plans for the firm, single asset restructurings and securitisations.

The process involved the firm's 2007-vintage buyout fund which was subject to an abandoned stapled deal in 2015.

The single-asset restructuring involves the remaining asset in the €2.2bn TDR Capital II fund and could be worth nearly $1bn.

One of the UK's oldest buyout firms is in early stage talks with investors about a process on its €4bn Charterhouse Capital Partners IX, Secondaries Investor has learned.

The deal, advised by Duff & Phelps, involved three healthcare assets.

Limited partners in the firm's 2010-vintage $400m co-investment vehicle can approve an extension or sell to a secondaries buyer.

Investors in a 2006-vintage, $715m US mid-market buyout fund were given the option to sell or roll over into a five-year continuation vehicle.

The firm has confirmed it will move Swedish chemical manufacturer Perstorp into a vehicle backed by Landmark Partners, two months after Secondaries Investor first reported on the deal.

Secondaries Investor reported in July the deal to restructure the €523m New Europe Partners II fund had closed.

The pioneers of the sub-asset class wouldn’t recognise some of today’s transactions as belonging to the same market.