French firm closes $30bn vehicle to buy up unwanted holdings in funds from investors seeking to cash out

Da Place Vendôme ad Avenue Montaigne, Kering vende tre palazzi di prestigio a Parigi: accordo da 800 milioni con Ardian

Corriere Della Sera

Italy

From Place Vendôme to Avenue Montaigne, Kering sells three prestigious buildings in Paris: 800 million deal with Ardian

The French luxury giant will collect 837 million euros. The properties merge into a newly established joint venture in which it will hold a 40% stake, while Ardian will have 60%

Il gigante del lusso francese incasserà 837 milioni di euro. Gli immobili confluiscono in una joint venture di nuova costituzione nella quale manterrà una partecipazione del 40%, mentre Ardian avrà il 60%

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Cairo Communication

Mediobanca

Diego Della Valle

Ad Fontes Media

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Financial Times

Nikkei Inc.

London

Greater London

England

United Kingdom

Ardian raises largest fund to take advantage of PE exit drought

Kering partners with private equity firm Ardian in a €837M joint venture for prime Parisian real estate, for a cash infusion amid financial challenges.

Penske Media Corporation

United States

Kering Seals Private Equity Deal With Ardian for Place Vendôme, Avenue Montaigne Real Estate

FRENCH private equity (PE) group Ardian has raised a record US$30 billion in the largest-ever secondary market fundraising globally. This is Ardian’s ninth such fundraising since 1999, and is 57.9 per cent more than the US$19 billion it last raised in 2020, the company said on Thursday (Jan 16).

Business Times

Ardian raises US$30 billion in world’s biggest private equity secondary market fundraising

By Mathieu Rosemain and Andres Gonzalez PARIS/LONDON – The secondary market for private equity funds saw record transaction volumes last year as buyout bosses and their investors looked for ways to generate cash amid a downturn in dealmaking. Paris-based Ardian said this week it had raised $30 billion in the biggest-ever secondary fund, a signal the industry is betting on an even busier time as exit paths for investments remain tricky and privat…

Investing Business Daily

Investing Business Daily | Private equity ‘secondary’ sales hit record as Ardian closes $30 billion fund

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The luxury group that owns brands Gucci and Saint Laurent has struck a deal to sell majority stakes in three of its high-profile Parisian real estate properties to French private equity group Ardian. Paris-listed Kering […]

Sky News: The Latest News from the World

Gucci owner to sell stakes in glitzy Paris properties to private equity firm Ardian – Sky News: The Latest News from the World

The French firm received subscriptions from 465 investors for its latest fund, a fifth of which came from private wealth investors.

citywire.com

Ardian’s record $30bn secondaries raise bolstered by wealth surge

Private investment house Ardian has raised $30bn for its ninth-generation secondaries platform, a significant increase over the $19bn raised for the eighth-generation in 2020, and the largest secondaries fundraise globally to date.  According to a recent release, this brings Ardian’s Secondaries & Primaries assets under management to $97bn.  The fundraise attracted a range of global investors, with more than 465 investors in total from 44 countr…

Private Equity Wire

Ardian sets $30bn secondaries fundraising record

Ardian has raised $30bn for the world's largest private equity secondaries fund in the wake of record dealmaking volume in the sector last year. The post Ardian doubles private wealth backing in reaching $30bn for world’s biggest PE secondaries fund appeared first on AltAssets Private Equity News.

altassets.net

Ardian doubles private wealth backing in reaching $30bn for world's biggest PE secondaries fund

Indian CDMO Aragen has laid out aggressive expansion plans for capacity and multi-modality services following a $100 million investment from Singapore-based private equity (PE) fund Quadria Capital.

Ardian raises largest fund to take advantage of PE exit drought

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