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Mercury Private Equity sale finalised

The long awaited management buyout of Mercury Private Equity completed on December 11. The transaction involves Mercury Private Equity becoming a new and independent firm and as such it has entered into a fund management agreement with Merrill Lynch Investment Management (MLIM), its former owner. Linklaters & Alliance advised MLIM. For details of Mercury Private Equity’s new fund raising efforts and recent hires (see evcj December/January 2001 p22.)