Reuters - Duty Free Shopping Founder Sells Squadron to FLAG Capital
US private equity investor FLAG Capital Management is to buy Squadron Capital Advisors, an Asian private investment firm with $1.5 billion in assets controlled by the founder of Duty Free Shopping outlets Robert W. Miller, writes Reuters. The deal, set to be the first acquisition of a fund of funds in Asia's private equity industry, is expected to involve Squadron's team of around 23 people, including chief executive David Pierce, staying on board, writes Reuters.
23 October 2012•2 mins read
