Eurazeo to sell interests in 28 private equity funds to AIG for 214 mln usd |
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Published
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Mon, 26 Feb 2007 10:13
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PARIS (AFX) - French investment company Eurazeo said it has signed a definitive agreement with AIG Global Investment Group to sell its interest in 28 private equity funds in a transaction valued at approximately 214 mln usd, including the the assumption of unfunded commitments.AIG has agreed to acquire approximately 520 mln usd in original total limited partnership commitments. Of these, approximately 69 pct of the funds are based in the US, 28 pct in Western Europe, and 3 pct elsewhere.The portfolio is approximately 91 percent funded, Eurazeo said.Andrew.Newby@Thomson.comanCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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