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Private Equity

Private equity turns to continuation funds to keep hold of trophy assets

Buyout groups are selling to themselves to hold onto investments for longer. Sebastian McCarthy and Lina Saigol explain how the trend is playing out.

BC Partners raised a new €1bn vehicle to hold Springer after failing to garner enough support to publicly list the business
BC Partners raised a new €1bn vehicle to hold Springer after failing to garner enough support to publicly list the business Photo: Davide Benatti

Earlier this year, BC Partners found the perfect buyer for Springer Nature: itself.

Unwilling to let go of its prized asset, the London-based private equity firm sold its 47% stake in the academic publisher to a new investment vehicle which it also controlled.

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