Ufenau sells Altano stake to Bridgepoint in continuation fund deal
What's the deal? Swiss investor UfenauDealroom has a profile for this one. Try Dealroom → has sold its stake in AltanoDealroom has a profile for this one. Try Dealroom → to BridgepointDealroom has a profile for this one. Try Dealroom → through a continuation fund, marking a significant exit for the private equity manager.
Some background: In 2023, Ufenau moved Altano, alongside skincare group CoriusDealroom has a profile for this one. Try Dealroom →, out of its fifth fund and into a continuation fund. The size of the vehicle was not disclosed.
Why now? Continuation funds are newly created vehicles that let a private equity manager — the general partner — pay out earlier investors in full or in part while retaining control of a company. That structure gave Ufenau a route to hold Altano before this latest sale to Bridgepoint.
The signal: Continuation funds have become a common tool for private equity firms seeking liquidity for existing backers without giving up prized assets. Ufenau's move underscores how European managers are leaning on these vehicles to manage exits when traditional sale routes are tight.
Read more: handelsblatt.com
Image credit: NEC Corporation of America
