Sir Ronald Cohen backs IAM buyout
by Real Deals & Real Business - Wednesday, 16th July 2008 -
Apax co-founder Sir Ronald Cohen has backed the management buyout of hedge fund business International Asset Management.
ING is providing debt to support the deal, Cohen's first since leaving Apax.
IAM was founded by chairman Albert Fuss and has $4.3bn under management. It it hoping to expand outside Europe over the next few years. It was originally ABN Amro's hedge fund operation, but was sold to Fortis last year as part of the break up of the Dutch Bank.
Cohen was a keynote speaker at this year’s Real Business/CBI Entrepreneurs’ Summit where he spoke about how venture capitalists help foster an entrepreneurial society and why he thinks there’s still more bad economic news to come.
Related tags: ronald cohen, venture capitalists, international asset management, apax, cbi, fortis, entrepreneur, ing, entrepreneurs summit,
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