Deals

Deal round-up: August 2021

Secondaries Investor has collected all of last month’s deals in one place in this handy table.

CVC, Glendower confirm tie-up amid secondaries M&A fever

The secondaries specialist, which spun out of Deutsche Asset Management, is at least the fifth secondaries firm to be subject to an M&A process this year.

Committed Advisors, Eurazeo back Capvis GP-led

Around half the LPs in the 2008-vintage €608m Capvis Equity III rolled over into the continuation vehicle.

PA Capital and Glouston back waste and recycling GP-led

The process on Coastal Waste & Recycling was around $90m in size including follow-on capital, Secondaries Investor understands.

Apollo spinout Nexus Capital runs GP-led deal on younger fund

Nexus’s fund is young compared to most GP-led deals, though some recent transactions have involved younger assets in what appears to be something of an expansion of the scope of the strategy.

The Jordan Company inks first-time $1bn-plus continuation fund

Hamilton Lane led the transaction, the fourth inaugural continuation vehicle in the past two months.

Glendower, BlackRock back healthcare GP-led

The deal is the second that Glendower has backed in healthcare in recent months, following the €700m DomusVi process last month.

HarbourVest in line to back up to $2bn Asia spinout

A team is spinning out of emerging markets specialist Capital Group with a portfolio containing unicorns including Didi and Gojek.

Which top PE managers have used continuation funds?

Continuation funds, which accounted for 85% of all GP-led transactions in the first half of this year, are becoming a more accepted liquidity option.