{"id":5857,"date":"2017-07-01T14:15:24","date_gmt":"2017-07-01T13:15:24","guid":{"rendered":"https:\/\/www.humatica.com\/?post_type=infocus&#038;p=4217"},"modified":"2022-03-09T15:23:40","modified_gmt":"2022-03-09T15:23:40","slug":"infocus-july-2017-2","status":"publish","type":"post","link":"https:\/\/www.humatica.com\/de\/insights\/infocus-july-2017-2\/","title":{"rendered":"Managing Secondaries"},"content":{"rendered":"<div class=\"entry-content\">\n<p><strong><span style=\"color: #1278b3;\">Managing Secondaries &#8211; The good, the bad and the ugly<\/span><\/strong><\/p>\n<div>\n<p><span style=\"color: #838589; font-family: arial, 'helvetica neue', helvetica, sans-serif; font-size: 12px;\">Secondaries are more commonplace. However, a change of ownership from one PE house to the next can be a bigger shift than most practitioners think. Managers have to get used to a new sponsor\u00b4s different expectations. And the same goes for new sponsors. They may have unrealistic expectations of management.<\/span><\/p>\n<\/div>\n<p style=\"margin: 0px;\"><span style=\"font-size: 12px;\"><span style=\"font-family: arial,helvetica neue,helvetica,sans-serif;\"><span style=\"color: #838589; margin: 0px;\">This month\u2019s InFocus features RealDeals\u00b4 Humatica column on the special challenges secondary transactions represent for sponsors and managers alike.<\/span><\/span><\/span><\/p>\n<\/div>\n<p style=\"margin: 0cm; margin-bottom: .0001pt; line-height: 150%;\"><span style=\"color: #999999; font-family: arial,sans-serif; font-size: 9pt; line-height: 150%; margin: 0px;\">Kind regards,<\/span><\/p>\n<p><span style=\"color: #999999; font-family: arial,sans-serif; font-size: 10.5pt; line-height: 150%; margin: 0px;\"><img loading=\"lazy\" decoding=\"async\" id=\"_x0000_i1025\" style=\"height: .645in; width: 1.409in;\" src=\"https:\/\/gallery.mailchimp.com\/40b70dcfeee63e1e451ab9e7b\/images\/7dd1c2f8-bc82-4959-949d-32d86a9f8689.png\" alt=\"https:\/\/gallery.mailchimp.com\/40b70dcfeee63e1e451ab9e7b\/images\/974e2c6c-f68e-48e5-93d3-a7186577eae7.png\" width=\"135\" height=\"62\" border=\"0\" \/><\/span><br \/>\n<span style=\"color: #999999; font-family: arial,sans-serif; font-size: 9pt; line-height: 150%; margin: 0px;\">Andros Payne<br \/>\nManaging Partner, Humatica<\/span><\/p>\n<div style=\"margin: 0px; text-align: center; line-height: 150%;\" align=\"center\">\n<hr style=\"color: #dddddd;\" align=\"center\" noshade=\"noshade\" size=\"3\" width=\"100%\" \/>\n<\/div>\n<p style=\"margin: 0px;\"><strong><span style=\"color: #1278b3;\">Secondaries &#8211; the good, the bad and the ugly <\/span><\/strong><\/p>\n<p><a href=\"https:\/\/www.humatica.com\/de\/news-articles\/humatica-corner-secondaries-good-bad-ugly-2\/\">Read the column<\/a><\/p>\n<p style=\"margin: 0px;\"><strong><span style=\"color: #1278b3;\"> Humatica advises Baird Capital on the acquisition of CAV Ltd.<\/span><\/strong><\/p>\n<p><a href=\"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Humatica-Advisor-to-Baird-on-the-acquistion-of-CAV-Ltd-July-2017.pdf\">Link to press release<\/a><a href=\"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/05\/170503-Humatica-PEI-Forum-Onboarding-Workshop.v2.pdf\"><br \/>\n<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Managing Secondaries &#8211; The good, the bad and the ugly Secondaries are more commonplace. However, a change of ownership from one PE house to the&hellip;<\/p>","protected":false},"author":1,"featured_media":4122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-5857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Managing Secondaries - Humatica<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.humatica.com\/de\/insights\/infocus-july-2017-2\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Managing Secondaries - Humatica\" \/>\n<meta property=\"og:description\" content=\"Managing Secondaries &#8211; The good, the bad and the ugly Secondaries are more commonplace. However, a change of ownership from one PE house to the&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.humatica.com\/de\/insights\/infocus-july-2017-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Humatica\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-01T13:15:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-09T15:23:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png\" \/>\n\t<meta property=\"og:image:width\" content=\"598\" \/>\n\t<meta property=\"og:image:height\" content=\"415\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Humatica\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"Humatica\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"1\u00a0Minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/\"},\"author\":{\"name\":\"Humatica\",\"@id\":\"https:\/\/www.humatica.com\/#\/schema\/person\/b1e6b9254621d4316205213c87153431\"},\"headline\":\"Managing Secondaries\",\"datePublished\":\"2017-07-01T13:15:24+00:00\",\"dateModified\":\"2022-03-09T15:23:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/\"},\"wordCount\":116,\"publisher\":{\"@id\":\"https:\/\/www.humatica.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png\",\"articleSection\":[\"Insights\"],\"inLanguage\":\"de\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/\",\"url\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/\",\"name\":\"Managing Secondaries - Humatica\",\"isPartOf\":{\"@id\":\"https:\/\/www.humatica.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png\",\"datePublished\":\"2017-07-01T13:15:24+00:00\",\"dateModified\":\"2022-03-09T15:23:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#breadcrumb\"},\"inLanguage\":\"de\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"de\",\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#primaryimage\",\"url\":\"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png\",\"contentUrl\":\"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png\",\"width\":598,\"height\":415},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.humatica.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Managing Secondaries\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.humatica.com\/#website\",\"url\":\"https:\/\/www.humatica.com\/\",\"name\":\"Humatica\",\"description\":\"Activate organizations. Deliver alpha.\",\"publisher\":{\"@id\":\"https:\/\/www.humatica.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.humatica.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"de\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.humatica.com\/#organization\",\"name\":\"Humatica\",\"url\":\"https:\/\/www.humatica.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"de\",\"@id\":\"https:\/\/www.humatica.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.humatica.com\/wp-content\/uploads\/2020\/12\/humatica-footer-logo@2x.png\",\"contentUrl\":\"https:\/\/www.humatica.com\/wp-content\/uploads\/2020\/12\/humatica-footer-logo@2x.png\",\"width\":412,\"height\":146,\"caption\":\"Humatica\"},\"image\":{\"@id\":\"https:\/\/www.humatica.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/humatica-ag\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.humatica.com\/#\/schema\/person\/b1e6b9254621d4316205213c87153431\",\"name\":\"Humatica\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"de\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/d586ba24418e36951dd53cf3fa05c59829bb4fd0b015943ad6a86c0df6cae81c?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d586ba24418e36951dd53cf3fa05c59829bb4fd0b015943ad6a86c0df6cae81c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d586ba24418e36951dd53cf3fa05c59829bb4fd0b015943ad6a86c0df6cae81c?s=96&d=mm&r=g\",\"caption\":\"Humatica\"},\"sameAs\":[\"https:\/\/www.humatica.com\"],\"url\":\"https:\/\/www.humatica.com\/de\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Managing Secondaries - Humatica","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.humatica.com\/de\/insights\/infocus-july-2017-2\/","og_locale":"de_DE","og_type":"article","og_title":"Managing Secondaries - Humatica","og_description":"Managing Secondaries &#8211; The good, the bad and the ugly Secondaries are more commonplace. However, a change of ownership from one PE house to the&hellip;","og_url":"https:\/\/www.humatica.com\/de\/insights\/infocus-july-2017-2\/","og_site_name":"Humatica","article_published_time":"2017-07-01T13:15:24+00:00","article_modified_time":"2022-03-09T15:23:40+00:00","og_image":[{"width":598,"height":415,"url":"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png","type":"image\/png"}],"author":"Humatica","twitter_card":"summary_large_image","twitter_misc":{"Verfasst von":"Humatica","Gesch\u00e4tzte Lesezeit":"1\u00a0Minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#article","isPartOf":{"@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/"},"author":{"name":"Humatica","@id":"https:\/\/www.humatica.com\/#\/schema\/person\/b1e6b9254621d4316205213c87153431"},"headline":"Managing Secondaries","datePublished":"2017-07-01T13:15:24+00:00","dateModified":"2022-03-09T15:23:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/"},"wordCount":116,"publisher":{"@id":"https:\/\/www.humatica.com\/#organization"},"image":{"@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png","articleSection":["Insights"],"inLanguage":"de"},{"@type":"WebPage","@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/","url":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/","name":"Managing Secondaries - Humatica","isPartOf":{"@id":"https:\/\/www.humatica.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#primaryimage"},"image":{"@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png","datePublished":"2017-07-01T13:15:24+00:00","dateModified":"2022-03-09T15:23:40+00:00","breadcrumb":{"@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#breadcrumb"},"inLanguage":"de","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/"]}]},{"@type":"ImageObject","inLanguage":"de","@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#primaryimage","url":"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png","contentUrl":"https:\/\/www.humatica.com\/wp-content\/uploads\/2017\/07\/Baton-2-003.png","width":598,"height":415},{"@type":"BreadcrumbList","@id":"https:\/\/www.humatica.com\/insights\/infocus-july-2017-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.humatica.com\/"},{"@type":"ListItem","position":2,"name":"Managing Secondaries"}]},{"@type":"WebSite","@id":"https:\/\/www.humatica.com\/#website","url":"https:\/\/www.humatica.com\/","name":"Humatica","description":"Activate organizations. Deliver alpha.","publisher":{"@id":"https:\/\/www.humatica.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.humatica.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"de"},{"@type":"Organization","@id":"https:\/\/www.humatica.com\/#organization","name":"Humatica","url":"https:\/\/www.humatica.com\/","logo":{"@type":"ImageObject","inLanguage":"de","@id":"https:\/\/www.humatica.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.humatica.com\/wp-content\/uploads\/2020\/12\/humatica-footer-logo@2x.png","contentUrl":"https:\/\/www.humatica.com\/wp-content\/uploads\/2020\/12\/humatica-footer-logo@2x.png","width":412,"height":146,"caption":"Humatica"},"image":{"@id":"https:\/\/www.humatica.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/humatica-ag\/"]},{"@type":"Person","@id":"https:\/\/www.humatica.com\/#\/schema\/person\/b1e6b9254621d4316205213c87153431","name":"Humatica","image":{"@type":"ImageObject","inLanguage":"de","@id":"https:\/\/secure.gravatar.com\/avatar\/d586ba24418e36951dd53cf3fa05c59829bb4fd0b015943ad6a86c0df6cae81c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d586ba24418e36951dd53cf3fa05c59829bb4fd0b015943ad6a86c0df6cae81c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d586ba24418e36951dd53cf3fa05c59829bb4fd0b015943ad6a86c0df6cae81c?s=96&d=mm&r=g","caption":"Humatica"},"sameAs":["https:\/\/www.humatica.com"],"url":"https:\/\/www.humatica.com\/de\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/posts\/5857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/comments?post=5857"}],"version-history":[{"count":4,"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/posts\/5857\/revisions"}],"predecessor-version":[{"id":6936,"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/posts\/5857\/revisions\/6936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/media\/4122"}],"wp:attachment":[{"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/media?parent=5857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/categories?post=5857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.humatica.com\/de\/wp-json\/wp\/v2\/tags?post=5857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}