Europe

Cloud file-sharing service WeTransfer brings in secondary investors

Early shareholders in the technology company sold to a consortium led by HPE Growth Capital via a direct secondaries deal.

Eurazeo used strip sale to seed flagship fund – exclusive

Lexington Partners, Adams Street and StepStone were part of a consortium that acquired five assets off Eurazeo’s balance sheet which were used to seed the €700m Eurazeo Capital IV buyout fund.

Park Hill hires Lazard’s Lottmann as European head – exclusive

Johanna Lottmann, a Secondaries Investor Young Gun, is understood to be joining the firm after a period of garden leave.

Idinvest backs two Three Hills GP-leds – exclusive

The €192m deal follows Three Hills’ acquisition of half of Hutton Collins’ debut fund, including burger chain Byron, via a secondaries deal in 2018.

Five questions with Flexstone’s Eric Deram

Eric Deram of Natixis subsidiary Flexstone Partners discuss its latest fundraise, fees and its approach to investing in a downturn.

Single asset deals are pushing the innovation envelope

Recent deals involving Bluegem Capital and Warburg Pincus have put a new spin on single-asset restructurings, raising interesting questions for LPs.

Pomona European head joins ICG’s listed vehicle

Oliver Gardey will become ICG Enterprise Trust’s investment head in the autumn, taking over from Emma Osborne.

European Investment Fund launches secondaries vehicle – exclusive

The EU’s investment agency will target vanilla and complex secondaries deals in funds that it is invested in through its primary platform.

Allen & Overy appoints secondaries partner

Based in Paris, Antoine Sarailler will focus on fund formation across private equity, infrastructure, credit and real estate, as well as primary and secondaries transactions.