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The direct secondary transaction returns full ownership of the Berlin-based automotive parts platform to its three founders.
The direct secondaries deal gives the French manager full ownership of the 460 MW Horse Creek and Electra wind farms in Texas, which it has backed since 2018.
The oversubscribed vehicle for Ireland-based H&MV Engineering values the power infrastructure specialist at €1.4 billion, marking a 12x increase since Exponent's initial 2022 investment.
Aberdeen and Rock Rail's continuation fund, which was co-led by Partners Group and StepStone, achieved an £800 million first close in July.
The firm is reportedly exploring the sale at a valuation exceeding €8 billion after previous transactions brought Silver Lake, ADIA, and CapitalG onto the Italian software company's cap table.
The secondary share sale was part of a $170 million Series C funding round led by HarbourVest, which valued the company at $1.3 billion.
The oversubscribed single-asset fund extends the firm's hold on a European modular buildings provider it initially backed in 2021.
The direct secondary transaction reportedly values the truck leasing company at around €4 billion.
The deal will see the firm buy the interest from Talanx, who will continue to support the company's growth alongside Allianz.