The single-asset transaction allows the Italian manager to retain its investment in Valsa Group alongside new co-controlling shareholder PX3 Partners.
The deal provided Sumer with fresh acquisition capital and included a debt refinancing backed by Ares, BlackRock, Pemberton, and Investec.
The reported deal comes four years after IQ-EQ was transferred into a €1.3 billion CV and follows indications in January that Astorg was considering a sale.
The FTSE 250-listed private equity fund is selling partial interests in five Oakley funds at a 5.75% discount to their March 31 carrying value.
The deal allows Keyhaven to retain its investment in a luxury automotive components manufacturer following more than sevenfold EBITDA growth.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The European growth buyout investment manager closed a €635 million multi-asset CV earlier this year.
The UK accountancy group is reportedly valued at more than £1 billion, with Penta retaining management of the asset after abandoning an earlier sale.
The single-asset vehicle for Dutch technical services provider VDK saw investors representing more than 40% of EMK Fund I's capital elect to roll over.
