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. MLIM was advised by Linklaters & Alliance. For details of Mercury Private Equity’s new fund raising efforts and recent hires see evcj December/January 2001 p22.