Pantheon‑led investor group completed a secondary transaction, buying SI and SMG from Alder II via the Alder Strategic Opportunity Fund I. The deal gives existing investors liquidity while setting the stage for continued growth under new long‑term ownership. Partners in the transaction include LGT Capital Partners, Arcano and Adams Street, underscoring the appetite for structured secondary solutions in private equity today.

During its holding period, Alder II steered SI and SMG through more than 25 acquisitions and robust organic expansion, cementing their positions as resilient players with solid cash flows. Morten Lundin, Pantheon's Managing Director, noted that the transaction showcases the firm’s expertise in tailoring secondary structures that provide liquidity yet preserve growth potential for leading European assets in 2024 year.

Both companies will retain their existing management teams, ensuring operational continuity as they transition under the new ownership framework. The arrangement keeps Alder actively involved through the Alder Strategic Opportunity Fund I, allowing the seller to stay engaged while investors gain a stake in assets poised for further expansion. Investors can view the deal as a model for structured secondary transactions that balance liquidity and long‑term value creation.