Single Assets

The deal highlights GA’s ongoing use of CVs and ICG’s focus on single-asset transactions.

Novacap acquired Revau in 2020 through its first financial services fund, which it closed in 2021 on C$417m.

French private equity firm Motion acquired Olyos in 2018. It will move the asset into a new vehicle as it seeks to capitalise on M&A and growth opportunities.

The firm’s second GP-led fund, which closed on $4bn earlier this month, is over four times the size of its predecessor.

It’s not the first time that the North Carolina-based PE firm has run a CV to extend its hold of a top-performing asset.

Mirova first invested €150m in TagEnergy in 2022.

The European investment firm is after a double scoop on ice cream maker Froneri, having completed a concentrated multi-asset deal on the asset in 2019.

A report by the investment bank and the HEC School of Management in Paris has reaffirmed findings that continuation funds perform largely in line with buyout funds with less risk.

A large portion of secondaries investors expect to increase ticket sizes this year, according to a snapshot report.

Nearly 45% of companies within single-asset CVs had an implied TEV greater than $2bn last year reflecting minority interest or strip sales for larger companies being used in these deals.