Secondaries Adviser of the Year
Evercore
Evercore PCA has recorded another exceptional twelve months to June 2024, having successfully advised on ~100 transactions, or $38bn+ of total value (represents +55% and +14% vs. LY, respectively).
Evercore PCA continues to pioneer a broad range of solutions and innovative products for both GPs and LPs, covering Private Equity, Infrastructure, Credit and Collateralized Fund Obligations.
Evercore PCA’s European business proudly advised on ~25 deals representing $9bn+ of total value. The GP-led business advised on single-asset and multi-asset transactions as well as tender offers, with highlights including: (i) a €1.6bn single-asset transaction for a UK top-quartile large cap GP; and (ii) a €650m multi-asset transaction for a German mid-market sector specialist GP. The LP-led business advised a variety of sellers with highlights including acting for 6 pension funds, notably acting as sole advisor on a ~£650m transaction for a UK pension plan.
Evercore PCA was particularly active in the UK, delivering on ~$5bn of value across both GP-led and LP-led advisory (+15% vs. LY).
With unique knowledge of the investor landscape, unparalleled access to capital and syndicate networks, and seamless integration within the broader Evercore offering, Evercore PCA remains fortunate to advise on some of the most industry-defining transactions.
Lazard
It has been an exceptional year for Lazard’s European Private Capital Advisory team. Over the past 12 months, the European Secondaries team have advised on over €16B of secondary deal volume across more than 20 transactions.
The Lazard team have successfully advised clients across the entire spectrum of transactions in the secondary market. Over the period, the team have worked on deals across a multitude of private capital strategies including buyout, venture, infrastructure, energy, and real estate. They have also advised on traditional and structured LP-led deals, single-asset and multi-asset continuation funds, tender processes, Private IPOs, and preferred equity deals. Lazard’s thoughtful approach and ability to navigate challenging macroeconomic conditions have delivered a 100% track record of success for its clients.
The UK market for secondaries continues to thrive, with Lazard advising on over 10 transactions involving UK-headquartered sponsors and/or assets. These include large, complex continuation fund deals for CVC, Pollen Street and Lion Capital to name a few, across sectors including education, insurance, consumer/retail, energy, industrials, real estate, technology, healthcare, and business services. Collectively these deals represent ~€10B in secondary volume. Deals advised this year include largest European continuation fund since 2019.
Voting Closed
To find out who won, book a table at the Mergermarket British Private Equity Awards on 01 October 2024, by contacting Chris Coe.