Secondary transactions advisory
Jasmin Capital acts as a sell-side advisor on non-listed fund units or companies in private equity, infrastructure or private debt.
Our mandates cover companies with a valuation between a few millions to several hundred million euros.
Jasmin Capital advises around fifteen secondary operations every year, either in the sale of direct participations held by funds (operations called “GP-led”) or the sale of LP stakes.
Some GP-led operations are stapled transactions that combine an asset’s secondary sale and a commitment in a new fund.
Prior to the start of the sale process, we consistently carry out an independent valuation of the assets. On this basis, first we define with the seller the basket of assets for sale, then we realize the marketing documentation.
We are present at each step of the process until the closing of the transactions: setup and management of the virtual data room, organization and follow-up of the meetings with the buyers, signature of the SPA, pre-emption rights management, coordination between legal teams, etc.