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Pantheon co-leads €811 million multi-asset continuation vehicle in European GP-led secondaries deal

Pantheon has co-led an €811 million multi-asset continuation vehicle for BU Bregal Unternehmerkapital (“BU”), backing the next phase of growth for Safety21, a leading European GovTech platform for road safety and smart mobility, and Onlineprinters, a leading online printing platform serving more than 1 million SME customers across Europe.

The transaction gives existing investors in BU’s fund the option to reinvest or realise liquidity, while equipping both businesses with additional long-term capital to continue executing their growth plans. It attracted strong support from existing and new institutional investors, underscoring continued demand for well-structured, multi-asset GP-led opportunities in the current market.

Amyn Hassanally, Global Head of Private Equity Secondaries at Pantheon, said: “Multi-asset continuation vehicles like this require real underwriting depth across different businesses and growth stages, and is the kind of complex, GP-led transaction our team is built to execute. Safety21 and Onlineprinters are both high-quality businesses with compelling opportunities for continued value creation. We’re pleased to be partnering with BU to support both companies into their next phases of growth.”

Mariella Reason
Pantheon Communications
Tel: +44 20 3473 3975
Email: mariella.reason@pantheon.com

Pantheon* has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle of investments, from primary fund commitments to co-investments and secondary purchases, across private equity, infrastructure, and private credit. For more information, please visit www.pantheon.com.

We have partnered globally with institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $84bn in discretionary assets under management (as of December 31, 2025).

Leveraging our specialized experience and global team of professionals across Europe, the Americas, and Asia, we invest with purpose and lead with expertise to build secure financial futures.

* Pantheon refers to the subsidiaries and subsidiary undertakings of Pantheon Ventures Inc. and AMG Plymouth UK Holdings Limited and includes operating entities principally based in the US (San Francisco and New York), UK (London), 2Deals closed as of December 31, 2025. Includes all deals closed. Includes capital committed by all private equity secondaries program clients. 3As of September 30, 2025. Excludes all non-discretionary assets under advisory. | PRESS RELEASE Hong Kong, Guernsey, Tokyo, Dublin and Singapore. Pantheon Ventures Inc. and Pantheon Ventures (US) LP are registered as investment advisors with the US Securities and Exchange Commission (“SEC”); Pantheon Securities, LLC is a broker dealer registered with the SEC and is a member of the Financial Industry Regulatory Authority (“FINRA”). Pantheon Ventures (UK) LLP is authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom. Pantheon Ventures (Guernsey) Ltd and a number of other Pantheon entities incorporated in Guernsey are regulated by the Guernsey Financial Services Commission. Pantheon Ventures (Asia) Limited is registered as a Type II Financial Instruments Business and Investment Advisory and Agency Business Operator with the Kanto Local Finance Bureau in Japan (KLFB). Pantheon Ventures (Ireland) DAC is regulated by the Central Bank of Ireland (“CBI”) and is an appointed representative of Pantheon Ventures (UK) LLP in respect of activities carried out in the United Kingdom. Pantheon Ventures (Singapore) Pte. Ltd holds a capital markets service license from the Monetary Authority of Singapore (“MAS”) to conduct fund management with accredited and institutional investors.

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