IPO • Financial Services

HarbourVest Partners Exits Lufax

On October 30, 2020, invested in financial services company Lufax from HarbourVest Partners

Investment Context
  • This is transaction in the Financial Services sector.
  • This is transaction in China.

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Investment Summary

Date October 30, 2020
Target Lufax
Sector Financial Services
Sellers(s) HarbourVest Partners
Deal Type IPO

Target Company

Lufax

Shanghai, China
Lufax is an online wealth management platform. Lufax was founded in 2005 and is based in Shanghai, China.
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Seller Profile 1

SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


Deal Context for Seller #
Overall 109 of 150
Sector: Financial Services 6 of 10
Type: IPO 22 of 32
Country: China 1 of 1
Year: 2020 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Allegro

Poznan, Poland

Allegro is an online marketplace that connects consumers with merchants. Allegro offers consumers a vibrant and expansive shopping experience, and merchants excellent commercial opportunities. Allegro was founded in 1999 and is based in Poznan, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Planview

Austin, Texas, United States

Planview is a provider of IT Governance software solutions to the Global 2000 with applications that help companies optimize the utilization of resources and manage/monitor IT projects. Planview was formed in 1989 and is based in Austin, Texas.

Buy $1.6B

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