Secondaries

With particular market recognition for our experience in complex secondary transactions, our lawyers are regularly sought out by intermediaries and sponsors to advise on GP-led liquidity solutions.
  • Profile
  • Experience
  • Key contacts

Our team has been involved in the secondaries market from the birth of the sector in Europe, regularly advising on secondary transactions including: 

  • Portfolio disposals and acquisitions
  • Tender offers
  • GP-led fund restructurings and recapitalisations
  • strip sales; and
  • preferred equity transactions. 

"Market-leading GP advisory practice bringing together M&A execution alongside private funds knowledge following a decade of experience across a range of strategic capital transactions including complex GP-led secondaries and GP stake sales."

The Legal 500 UK 2023

Five Arrows

Advised Five Arrows Secondary Opportunities on its three-part investment in VIA Equity, a Danish private equity group.

A syndicate of >20 purchasing entities 

Advised a syndicate of >20 purchasing entities on a liquidity offering led by EMERAM Capital Partners, alongside a new primary commitment to the same vehicle.

NorthLeaf Capital 

Advised NorthLeaf Capital on its acquisition, structured as a GP-led tender offer, of partnership interests in LBO France's Hexagone III small cap fund, alongside a primary commitment to LBO's Small Cap Buyout vehicle.

capiton AG

Advised German private equity firm capiton AG on a general partner-led single asset secondary transaction relating to the KD Pharma Group.

Aberdeen Asset Management

Advised Aberdeen Asset Management on liquidity offerings to investors in six funds-of-funds vehicles advising Canada Pension Plan Investment Board

French public sector institution

Advised a French public sector institution on the disposal of a portfolio of 30 US and European fund interests to three separate buyers.

French listed insurance company

Advised a French listed insurance company on the disposal of a portfolio of 116 Europeans fund interests to five separate buyers.

BlueGem Capital Partners

Advised BlueGem Capital Partners, a mid-market buyout private equity firm focused on Western Europe, on a liquidity offering made to all investors in its 2007 vintage private equity fund, involving transfer of its four portfolio companies being transferred to a new fund managed by BlueGem. The new fund was funded by Glendower Capital, a spin-out of Deutsche Bank's secondaries private equity business.

Five Arrows Secondaries Opportunities 

Advised Five Arrows Secondaries Opportunities on its acquisition of and becoming a cornerstone investor in Capital A, a new private equity platform created as part in the spin-out of ABN-AMRO's.

Consortium of seven secondaries buyers

Advised a consortium of seven secondaries buyers on the acquisition of partnership interests in EMERAM (a German mid-market buy-out fund) and associated restructuring of the fund terms.

Aberdeen Standard Investments

Advised Aberdeen Standard Investments on a manager-led liquidity offering in respect of six fund-of-fund vehicles, with a primary staple to a newly established, fund-of-funds vehicle managed and advised by Aberdeen,

Lawyer

Gabriel Boghossian Partner and head of our secondaries practice

T:  +44 20 7809 2762
M:  Email Gabriel | Vcard Office:  London

Lawyer

Sarah de Ste Croix Partner

T:  +44 20 7809 2561
M:  +44 7901 216 154 Email Sarah | Vcard Office:  London

Latest news & insights

23 Jan 2023

From News

Sarah de Ste Croix named in The Lawyer's Hot 100

​Stephenson Harwood partner Sarah de Ste Croix has been named in The Lawyer's Hot 100 2023 list.​

More

22 Dec 2022

From News

Stephenson Harwood advises Agathos Management on Simply Sustainable investment

Law firm Stephenson Harwood LLP has advised Agathos Management LLP, a lower mid-market private equity firm, on its majority investment in Simply Sustainable.

More

14 Dec 2022

From News

Stephenson Harwood advises Agathos Management on Targeted Provision investment

Law firm Stephenson Harwood LLP has advised Agathos Management LLP, a lower mid-market private equity firm, on its majority investment in Targeted Provision.

More

08 Nov 2022

From News

Stephenson Harwood advises Codestone on DSCallards acquisition

Law firm Stephenson Harwood LLP has advised the Codestone Group, a portfolio company of FPE Capital, in relation to its acquisition of DSCallards, the data analytics a..

More

04 Oct 2022

From News

Stephenson Harwood advises DPE on €708 million GP-led transaction

Law firm Stephenson Harwood LLP has advised DPE Deutsche Private Equity (DPE) on the establishment of a €708 million continuation vehicle, DPE Continuation Fund I (DPE..

More

29 Sep 2022

From News

Stephenson Harwood advises Verium AG on dual asset GP-led transaction

Law firm Stephenson Harwood LLP has advised Verium AG (Verium) on the establishment of its first continuation vehicle with aggregate commitments of CHF120 million to s..

More

26 Sep 2022
21 Sep 2022

From News

Stephenson Harwood advises Civica on Technology Forge acquisition

Law firm Stephenson Harwood LLP has advised public sector software provider Civica, which is backed by private equity fund, Partners Group, on its acquisition of The T..

More

18 Aug 2022

From News

Stephenson Harwood advises FPE Capital on Global App Testing investment

Law firm Stephenson Harwood LLP has advised FPE Capital LLP, the software and services focused lower mid-market growth investor, on its growth investment in Global App..

More

25 Jul 2022

From News

Stephenson Harwood advises on Miers Construction Products sale

Law firm Stephenson Harwood LLP has advised the sellers of Miers Construction Products Ltd (MCP) on its sale to SIG PLC.

More

14 Jul 2022

From News

Stephenson Harwood advises Pelican Capital on YourParkingSpace exit

Law firm Stephenson Harwood LLP has advised Pelican Capital, the private equity firm, on its sale of YourParkingSpace, the UK’s fastest growing parking technology prov..

More

14 Jul 2022

From News

Stephenson Harwood advises FPE Capital on Dynamic Planner investment

Law firm Stephenson Harwood LLP has advised FPE Capital LLP, the software & services focused lower mid-market growth investor, on its investment into Dynamic Planner, ..

More

28 Jun 2022

From News

Stephenson Harwood advises bd-capital on Sportscape Group merger

Law firm Stephenson Harwood LLP has advised bd-capital on its recent deal with Bridgepoint Development Capital to merge their respective portfolio companies, SportPurs..

More

28 Jun 2022

From News

Stephenson Harwood advises Bowmark on Cornwall Insight buy-out

Law firm Stephenson Harwood LLP has advised the mid-market private equity firm Bowmark Capital LLP on the buy-out of Cornwall Insight, a leading provider of research, ..

More

23 Jun 2022

From News

Stephenson Harwood advises EMERAM Capital Partners on single asset GP-led transaction

Law firm Stephenson Harwood LLP has advised EMERAM Capital Partners on the establishment of a continuation vehicle to support the development of ]init[, a highly perfo..

More

22 Jun 2022

From News

Stephenson Harwood advises Civica Group on Point Progress acquisition

Law firm Stephenson Harwood LLP has advised the Civica Group, a private equity backed business, on its acquisition of Point Progress, a UK-based expenses management so..

More

print-footer
logo
© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.