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,