The private banking operation of Schroders intends to offer both its private banking and institutional clients a private equity fund of funds [FoF] in early 2001.

The private equity group has acquired the precision engineering businesses from the aero engine specialists for £74m.

Another public to private move by a property company produces 3i’s biggest deal this year.

The company blames market turbulence but says it will continue to invest in early-stage technology companies.

Seat Pagine has acquired the company and has taken on £150m of debt.

The company has improved its net asset value by $7m as a result of the sale.

The company reports a strategy of releasing value in its investment portfolio and returning capital to shareholders. The big question remaining is what happens to Electra next.

Euromedic will expand its activities in Central and Eastern Europe.

A final closing of the fund is expected to take place next year.

Surplex will use the capital to expand its asset recovery solutions in Europe.