Press Release January 20, 2017

Spice Private Equity Completes $31.1 Million Sale of Assets

The London Private Investment Funds team advised Spice Private Equity (Spice), a subsidiary of the Swiss investment company, Spice Private Equity Ltd., in the $31.1 million sale of assets held by Spice. Seven assets were sold (the Portfolio) including all primary fund investments, simplifying cash management for Spice and creating further capacity for new direct investments.

The Portfolio comprised five primary fund investments (Navis Asia VII, Northstar IV, Baring Asia VI, Carlyle Sub Saharan Africa Fund and Helios III) and two co-investments (Altico Capital and Rede D’Or). During the holding of the Portfolio, a gain of 6% was generated.

The Goodwin team was led by partner Greg Barclay and associates Bhargavi Mudakavi and Dominic Wong, with assistance from partners Scott Webster in Boston and Janet Andolina in New York.

For additional details on the transaction, please read the press release.