GBL Agrees to Divest Part of GBP Capital Assets Worth €1.7B NAV

Groupe Bruxelles Lambert has launched a sale of a significant portion of assets from GBL Capital, its indirect private asset business.

• NOTE: Activity had a net asset value “NAV” of €2.8b at the end of 1Q, which was used as reference for the sale process
• Through a dozen transactions, including a large portfolio divestment to Carlyle AlpInvest, GBL has agreed to divest €1.7b of NAV, generating total cash proceeds of €1.5bn
• Implied 9% blended discount on all transactions
• Divestments also involve the transfer of €0.6b in unfunded commitments
• All transactions expected to close by 4Q’25-1Q’26, with a €0.4b deferred ...