The Isreal firm has joined the growing list of fund-reducing firms, cutting $30m from its IT and communications funds.
Nine placement agents have defected from Merrill Lynch to join financial services boutique Lazard Freres & Co.
As part of an agreement between PrivateEquityCentral and InvestorAccess to work closely together, PEC's David Snow becomes Editor (Americas) of Private Equity International magazine.
Close Brothers has appointed former ABN Amro managing director Barrie Moore as director of the firm’s growth capital business.
The Swiss bank wrote down its private equity holdings by SFr1.76bn loss last year, adding to a SFr1bn loss incurred in 2001.
Mid-market player Sovereign Capital has appointed two investment managers for its UK fund.
The French private equity business of Lazard is to concentrate on its domestic market after dropping plans to expand into the US and Southern Europe and closing an office in Frankfurt.
Buyout and generalist funds accounted for 85 per cent of all European fundraising in 2002 as the annual total fell by over a third.
Cinven, Candover, BC Partners and Apax are among a host of private equity firms bidding for the German company’s science and business publishing unit.
The German bank has reportedly agreed to provide its principal finance chief Robin Saunders with £3bn to invest in the European buyout market.
pei
pei

Copyright PEI Media

Not for publication, email or dissemination