Deals

The CV process places Advent among a group of PE powerhouses that are exploring similar processes for their software companies.

Serenitas co-founder GIC exited its stake in the land lease community operator to Mirvac and Pacific Equity Partners last year for A$1.01bn.

The assets in the process run by the firm formerly known as The Jordan Company ‘do not appear to have the ability to generate outsized returns’, according to adviser Aon.

GP-led deal volume reached an estimated $28bn in the first half, a 56% increase from the same period last year, according to Jefferies’ first-half volume report.

Providence agreed to sell part of its stake in the group to listed investment firm Wendel in July.

Abry Partners’ move to seed a new private credit strategy via a continuation fund marks the latest credit secondaries deal used to kick start a new business line.

The firm was best positioned to know the asset well, which helped inform its ability to set an appropriate price, according to Kian managing partner Kevin McCarthy.

Aizawa AM’s third flagship, which held its final close this year, is already 85% deployed, chief executive Shinichiro Shiraki tells Secondaries Investor.

The Canadian pension giant also acquired interests in two co-investments as part of the transaction.

Secondaries Investor reported in March that Goldman Sachs and AlpInvest Partners were investors in the deal involving global life science ingredients distributor Barentz.