The ABN Amro break-up consortium has sold buyout assets belonging to the Dutch bank in a secondaries deal to a Goldman Sachs-led group of investors and has done so at a discount of about 15%, sacrificing more than â¬100m ($149m) of the fund's fair value, according to a source close to the sale.
The 21 portfolio companies managed by ABN Amro's former captive fund AAC Capital Partners are fair valued at â¬700m but were sold for under â¬600m to Goldman, Dutch fund of funds AlpInvest and Canadian retirement scheme Canada Pension Plan.
