Access Capital Sells 50% Stake To N+1 Group

Jul 30 2008 | 11:05am ET

European private equity fund of funds shop Access Capital Partners has sold half of its equity to N+1 Group, the €3 billion (US$4.7 billion) Madrid-based alternative assets, financial and wealth advisory firm.

Previously, CapMan, a €3.1 billion alternative shop, held a 47.5% stake in Access. Two years ago, CapMan sold 12.5% of the company’s share capital to the Access managing partners, giving them 65% of the company.

The new deal allows for a complete exit of CapMan, which is selling its remaining 35% stake to N+1 and the Access managing partners. Under the terms of the deal, N+1 Group is buying 50% of Access through an acquisition vehicle in which the Access managing partners have re-invested.

Dominique Peninon, Agnès Nahum and Philippe Poggioli now collectively maintain a 56.5% direct and indirect holding in the company, and will continue to manage the firm autonomously.

Access manages €2.5 billion (US$3.9 billion) in assets and specializes in small-to-mid market buyout and special situations funds.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...