The Asia Private Investment Funds and Secondaries team at Goodwin has successfully advised its long-standing client, LGT Capital Partners, on its investment in a continuation vehicle managed by Armitage Associates.
In this GP-led secondary transaction, Armitage Associates partnered with LGT Capital Partners as the sole lead investor for an AU$143 million continuation fund to provide growth capital and partial shareholder liquidity for two portfolio companies from Armitage Associates Fund 2: Sash and Bluefit.
LGT Capital Partners, a leading global specialist in alternative investing with over US$100 billion in assets under management, has been investing in the secondaries market for over 20 years with more than 450 transactions completed to date. Armitage Associates, a Melbourne-based lower middle market growth buyout firm, provides capital and management support to small and medium-sized businesses across Australia and Asia Pacific.
The Goodwin team was led by partner Gregory Barclay and included counsel Dominic Wong and associate Ian Goh.
For additional details on the transaction, please read LGT Capital Partners’ press release.