Single Assets

The transaction is the third-largest single-asset process to take place on a European asset, according to Secondaries Investor data.

Belron operates various glass repair brands globally and is held in the firm’s 2016-vintage Fund X.

The continuation fund containing the academic publisher was more than €1bn in size.

Track the development of this rapidly evolving deal type with Secondaries Investor’s exclusive interactive map.

The deal, which involves an online advice platform that owns Horoscope.com, shows the alternatives giant is wasting no time with its entry to the secondaries buy-side.

Investors in Hopu Masterfund II can roll into a continuation fund with real estate investor and operator GLP China or sell their stakes in a deal that could be worth as much as $2bn.

Tan Pawar and Harry Leitch from global specialist broker BMS discuss the rise of warranty and indemnity insurance in single-asset and concentrated GP-led deals and how it’s being used.

The fund will partner with high-quality managers to acquire their most attractive companies, according to documents from listed vehicle Pantheon International.

The appetite for recapitalisations of small numbers of high-performing assets is adding opportunities (and challenges) to the GP-led market, say Travers Smith partner Sam Kay and senior associate Ed Ford.

The buyout shop is making a €300m investment from its latest fund in the process, which values Springer Nature at about $7bn.