BMW and the Phoenix consortium have started to negotiate the fate of Rover.
The Finnish private equity firm will re-organise its operations before listing on the Helsinki Stock Exchange in April 2001.
Director Allan Marchington is thought to be among suitors for the biotech company's chemistry division.
The renamed NatWest Equity Partners will retain its focus on European mid-market growth companies.
BMW has sold its ailing Rover division to the British consortium for £10.
French buyers in online auctions will have to pay value-added tax, a Paris court has ruled.
Chancellor of the exchequer, Gordon Brown, yesterday set the terms for a review of institutional investment in Britain, first announced in last month’s budget statement.
Mercury Private Equity announced yesterday it had invested 13m euros in Trados, a provider of translation software solutions for some of the world’s biggest companies.
A leading US investment banker has dismissed Internet initial public offerings (IPOs) as "just another electronic distribution platform."