Stapled Deals

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.

There are reportedly multiple buyers in the tender offer on Fund V, all of which will make a contribution to its CEE-focused successor..

The deal brings Qualium Investissement to a first close on its latest fund which has a €350m target, Secondaries Investor has learned.

The former chief exec of Deutsche Telekom was one of the LPs who sold stakes to Partners Group, UK regulatory filings show.

As the secondaries market continues to drive change in the world of private capital, there are lessons to be learned, according to panellists at the BVCA’s annual conference.

The lower- and mid-market-focused firm had hired Greenhill Cogent to work on a tender offer process on its 2009-vintage fund, Secondaries Investor has learned.

The firm is putting together a 10-strong secondaries team, split between London and New York, to focus on vanilla deals as well as more complex processes.

The vehicle is closing on up to €6.7bn target on the back of a stapled deal with Lexington Partners over the summer.

Ardian had a 50% interest-free deferment on the purchase price, to be repaid on 31 December.

The success or failure of two significant GP-led processes will have widespread consequences for the secondaries market.