Home Stapled deals

stapled deals

Africa

Carlyle’s Africa fund is a prime candidate for a GP-led secondaries process

Emerging market GP-led deals are rife with difficulties but Carlyle’s name and the dynamics of the secondaries market suggest a deal can be done on its Africa fund.

Carlyle mulled Africa fund stapled deal – exclusive

The private equity giant approached secondaries buyers about acquiring LP stakes in its 2013-vintage Sub-Saharan Africa Fund and making a stapled commitment to its successor.

PODCAST: How to avoid pitfalls in stapled deals

Blue chip managers are using stapled secondaries deals to boost fundraising and provide liquidity to LPs. In this 17-minute podcast, lawyers from Proskauer, Debevoise & Plimpton and MJ Hudson discuss how GPs and LPs should approach this growing transaction type.

What lawyers think about stapled deals

The impact of SEC attention, the right way to get a fairness opinion and the growing influence of the LPAC – just some of the topics discussed on Secondaries Investor’s upcoming stapled deals podcast.
stapler

How to avoid conflicts in stapled deals

Full disclosure and fairness opinions are the best ways to mitigate potential conflicts of interest in stapled deals.

How secondaries will build the Great Wal(greens) of China

HarbourVest Partners’ single-asset restructuring is a prime example of how – if all interests align – such deals can be a perfect prescription for old assets with residual value.

Campbell Lutyens’ Sealey: stapled bids can increase pricing

Speaking on a Secondaries Investor podcast, the advisory firm and placement agent's chief executive noted that the quality of the manager can negate a drop in pricing caused by staple offers.

The year infra came to the GP-led party

The closing of Manulife Financial's stapled deal in June – among the largest in North America this year – is further evidence that large asset holders and managers have a third option for their assets.

Stapled deals: sweeteners that come in many flavours

As stapled deals evolve to take all shapes and sizes, GPs and their advisors must continue to disclose their effect on pricing to LPs.

Northleaf backs LBO France stapled deal – exclusive

The firm has acquired stakes in the 2010-vintage buyout fund of one of France's oldest private equity houses.

Copyright PEI Media

Not for publication, email or dissemination