Paul Capital Buys Into Cognis PE Portfolio

Jul 26 2011 | 9:49am ET

Secondary private equity firm Paul Capital has paid €70 million for an interest in a portfolio of p.e. assets managed by London-based Cognis Capital.

The portfolio is comprised of 20 mostly European assets across a diverse range of industry sectors. Paul Capital made the investment through the newly formed Ffenics I Fund and will also provide follow-on capital to the existing investments. The company says the transaction will provide liquidity to investors but also gives them the option to rollover their investment into the new fund.

“Cognis has built a promising portfolio and we are delighted to partner with their talented team and give them the opportunity to create maximum value in their portfolio,” said Elaine Small, partner at Paul Capital's London office.

Founded in 1991, Paul Capital manages U$4.5 billion in capital commitments in its secondary program and has offices in Hong Kong, London, New York, Paris, San Francisco and Sao Paulo.

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