Olympus GP-led deal fell down over pricing – Exclusive

Firms including HarbourVest Partners and Pantheon were looking at the deal which involved Olympus's 2007-vintage $750m fund.

Olympus Capital Asia's attempt to run a GP-led process on its 2007-vintage fund fell through due to a mismatch in pricing expectations between the manager and potential buyers, Private Equity International 's sister publication Secondaries Investor has learned.

The Hong Kong-headquartered mid-market private equity firm hired Lazard in January to start a price discovery process with a view to offering liquidity to investors in its $750 million Olympus Capital Asia III fund, according to three sources familiar with the matter.

Global firms including HarbourVest Partners and Pantheon looked at the deal before the process was abandoned in April when the parties involved could not agree on pricing, two of the sources said.

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