Deals

The CV for the accounting business could raise more than $1bn, Secondaries Investor understands.

ICG has once again stepped up as a lead investor on CapVest’s CV, having led the original continuation fund for Curium in 2020.

Trilantic’s deal is viewed by many in the secondaries market as a potential precedent setting transaction that could serve as a model for other mid-market firms facing fundraising challenges.

The deals add to what has been a busy year for the Canadian pension, which has been an active participant on the buy and sellside of the secondaries market.

The pension plans to streamline its real asset portfolio and aims to meaningfully reduce its GP relationships over the next three years.

The New York-based manager has joined a wave of GPs seeking to extend ownership of their best assets through the CV market.

Lexington is the lead buyer, with Hamilton Lane participating as a co-lead on the deal, which has received strong pricing, sources tell Secondaries Investor.

The transaction run by Chicago-headquartered investment firm Tyree & D’Angelo Partners was oversubscribed, Secondaries Investor understands.

Montagu Private Equity’s latest CV is one of the largest single-asset deals to come out of Europe this year as GP-led secondaries activity continues in earnest in the region.

Belgian holding company Groupe Bruxelles Lambert has confirmed its unit GBL Capital will no longer make new commitments as it secures a dozen transactions.