Kerdo
— Investments · 03

Private equity & club deals

Minority or majority positions in established private companies, shared by a small group of investors on identical terms.

Established companiesClub dealGovernance

A club deal brings together a small number of investors, often families, to acquire a position in an established private company. The investors share the same terms and agree the governance of the investment from the start.

With Kerdo, the position is held by a single structure and every investor holds the same security. Entries, distributions and exits follow one set of documents, rather than a separate agreement between investors.

— Types of transaction

What it can look like.

Minority stake

A position alongside the founders or the family that controls the company.

Acquisition

A larger or controlling stake, together with a management team or an industrial partner.

— Process

Step by step.

  1. 01

    Selection

    Kerdo reviews the company, the counterparty and the governance rights.

  2. 02

    Structuring

    A dedicated structure acquires the position on behalf of the investors.

  3. 03

    Subscription

    Each investor subscribes the same security, with identical terms.

  4. 04

    Distributions & exit

    Dividends and sale proceeds are paid to noteholders through the paying agent.

— Points to consider

Risks.

The risk factors of each transaction are set out in its documentation, which prevails.

  • Positions in private companies are illiquid and may not be sold before an exit.
  • A minority position may have limited influence on the decisions of the company.
  • Distributions depend on the results of the company and are not guaranteed.
  • Valuations are based on models and comparable transactions, not on market prices.
— For whom
  • Family offices
  • Groups of private investors
  • Professional investors
— Other areas
Pre-IPO & secondariesRead →VentureRead →Capital marketsRead →

General information for professional investors about an area of activity. It does not present or offer any specific transaction. Transactions are shown only to registered members in the Kerdo platform, on the basis of the documentation of each series.

— Contact

Questions on private equity & club deals?

A question on a transaction, on access for your clients or on a company you would like to present.

info@kerdo.io

— Members

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