Saints Capital Closes Another Secondary-Direct Deal in Europe

Saints Capital provides liquidity solution to Star Ventures’ Limited Partners by acquiring remaining growth-stage private equity assets

Saints Capital Hannover L.P, an affiliate of Saints Capital, a leading global secondary direct investor, acquired control of 20 separate assets for an undisclosed sum from an affiliate of Star Ventures Funds, a Munich-based venture and growth equity investor. In addition, Saints Capital and Star Ventures Funds formed a partnership, allowing an affiliate of the Star Ventures Funds to manage certain assets.

“We are delighted to announce our partnership with Star Ventures Administration and Dr. Barel. This deal is a perfect example of Saints’ ability to solve the wide array complex liquidity challenges and assist in restructuring under-managed PE portfolios as well as winding-up end-of-life funds with mixed types of holdings across multiple geographies.” said Niko von Huetz, of Saints Capital.

This transaction is Saints Capital’s third portfolio deal in Europe after its 2006 acquisition of 3i’s mid-market buy-out and growth portfolio in partnership with the existing asset managers and its 2008 acquisition of minority growth equity interests in 10 companies from Innovacom. Saints offers a wide range of liquidity and co-management solutions for investors in growth and midmarket assets across the European continent, from outright purchases of assets to lasting partnerships with structured economic considerations. Since its founding, Saints has completed over 50 single-asset and portfolio transactions involving over 220 companies in venture, growth and mid-market buy-out stages. Over 30% of the transactions were buy-out type situations with controlling interests.