Data from Lazard shows that buyers are moving away from single-asset deals priced off a preceding minority stake sale.
2 min read · 22 September 2022
StepStone Group was the lead investor on Adelis Equity Partners’ single-asset continuation fund, with LACERA joining as junior lead.
2 min read · 25 August 2022
The listed vehicle made 15 commitments to secondaries investments in the 12 months to 31 May totalling the equivalent of $130.8m, according to its 2022 annual report.
2 min read · 22 August 2022
The $1.5bn deal is part of a plan to transform South Korean cement maker Ssangyong into a plastics recycling giant.
2 min read · 26 July 2022
The process on electrical components supplier Sicame comes after Equistone made the first investments from its reinvestment fund, raised to maintain minority exposure to good assets.
2 min read · 05 July 2022
The deal is among a handful of GP-led secondaries processes that have moved through the market, which has become more challenging because of pricing uncertainty.
3 min read · 21 June 2022
The process on a software company owned by Banneker Partners, led by a Vista co-founder, was to be priced off a Q4 stake sale until market sentiment turned.
2 min read · 15 June 2022
Five years after the US power company’s $17bn take-private, the energy-focused firm is rolling about 20% of the existing LPs into a single-asset vehicle.
2 min read · 15 June 2022
Unigestion is also understood to have participated in the transaction involving digital transformation services provider Init.
2 min read · 09 June 2022
The move from the Paris-headquartered buyout shop comes as GP-led processes eat more and more into the secondary buyout market.
2 min read · 23 May 2022
