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One bid remains for DrouotAxa and Barclays have withdrawn from the bidding for the French art auction house as the prospect of a sale diminishes.
- Axa PE bids for French auction house
Axa has joined the bidding for Hotel Drouot, the Paris-based auctioneers.
- PAI builds presence in Italy
The French private equity firm has appointed a former MD at Lazards to run its Italian operations.
- Royal Bank Private Equity in £441m public-to-private
Britax, the UK cars and airplane equipment maker, quits the stock market in one of the largest European public-to-private transactions.
- Advent adds to team.
Two new recruits bring corporate finance and technology experience to Advent.
- Index Ventures II raises $191m at first closing
The fund is targeting $300m and expects to announce a final closing during the first quarter of 2001.