Ardian acquires $2.1bn PE portfolio from CPP Investments; Lincoln Road scoops up landscaping deals

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Ardian acquires $2.1bn PE portfolio from CPP Investments; Lincoln Road scoops up landscaping deals

Good morning, dealmakers. Obey Martin Manayiti here with the Wire.

As LPs seek liquidity, some GPs are seizing the opportunity. To that end, Ardian just announced it has scooped up a $2.1 billion portfolio of LP interests in 20 PE funds from Canada Pension Plan Investment Board. We’ve got the details below.

Earlier this morning, PE Hub was the first to report that Lincoln Road Global Management is acquiring a pair of landscape service providers. We’ve seen other PE firms invest in similar services, which are considered recession-proof.

And as cybersecurity threats continue to soar, PE firms continue to invest in the sector. Today, Falfurrias Capital Partners announced a new platform investment.

Opportunity knocks

Ardian just revealed that it is acquiring a $2.1 billion portfolio of LP interests in 20 North American and European private equity funds from Canada Pension Plan Investment Board, as the Paris-based firm ratchets up its secondaries business.

To learn more about this deal, please subscribe to the premium version of the Wire.

Landscaping

PE Hub has seen a slew of landscaping deals this year, as private equity firms view the services as recession-resilient. The Miami-headquartered Lincoln Road Global Management is announcing that it is acquiring a pair of companies that serve customers in the so-called Sun Belt states, where the population is growing quickly.

Lincoln Road is buying Silversand Services and SLI Landscape and combining them with its existing portfolio company Zodega Landscaping. The three companies, all of which are headquartered in Houston, will operate under the Silversand Services moniker.

We have more on this deal and similar investments in the premium version of the Wire.

Cybersecurity

Falfurrias Capital Partners hasmade a platform investment in Synergy ECP, a provider of software engineering, cybersecurity and systems engineering services for the US Intelligence Community and Defense Department.

Premium subscribers have access to more detail on this deal.

That’s it for me today.

Michael Schoeck, who joined PE Hub in September, will be writing his debut newsletter tomorrow.

Have a nice day,

Obey

Read the full wire commentary on PE Hub ...

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Brookfield Asset Management is eyeing M&A opportunities arising from “broad-based” consolidation across alternative assets, president Connor Teskey said. (Buyouts)
Butterfly Equity portfolio company Pacifico Aquaculture has secured an equity investment of an undisclosed size from a consortium led by Butterfly and an unnamed US pension fund. (Agri Investor)
CalPERS plans a raft of climate measures including $100 billion for climate solutions. Peter Cashion, managing investment director for sustainable investments, will present the plan, which includes another $53bn for climate solutions investments, 10 more sustainability staff, scenarios analyses and options for divestment. (New Private Markets)
Stonelake Capital Partners, the logistics-focused manager operating primarily in the Sun Belt markets of the US, has raised its biggest opportunity fund to date, PERE can reveal.
Gresham House, a UK-based real assets fund manager recently acquired by Searchlight Capital, has closed its debut natural capital fund on target on £300 million ($370 million; €345 million). (New Private Markets)
Why the FBI needs your help: The bureau wants to partner with private equity firms to understand and address the emerging threats facing the industry. (Private Funds CFO)
Investec has hired Stefano Manna as head of GP advisory, two months after Secondaries Investor reported that he was leaving the placement agent and advisory firm Eaton Partners.
Blue Earth has hired Daniel Perroud as its first head of fundraising and investor relations. Perroud joins from Schroders’ impact business BlueOrchard, where he was global head of business development. (New Private Markets)