Creating new sources of venture capital?

Article Abstract:

UK investment houses have generally not been willing to provide funds for business start-ups, in sharp contrast to the counterparts in the US. However, this may change as the trend towards corporate divestments accelerates. Making divestments leads to funds becoming available, and these could be used to assist start-up concerns. This could in turn lead to the creation of constellation corporations, with the original parent company taking on the role of a traditional industrial investment trust.

Finance, Small business

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Electra Fleming: going international to meet a growing demand

Article Abstract:

The purchase in Jul 1995 by Robert Fleming of a 50% stake in Electra Kingsway has created Electra Fleming, a private equity house with an extremely international approach. It has operations in locations including Hong Kong, Bombay, Milan and London, and has a number of associate companies. In Europe, it has been taking stakes in management companies and funds which are already being raised, while in Asia it will focus on pre-IPO bridging finance.

Company Profile

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3i turns Japanese after Electra snub

Article Abstract:

Electra Fleming investment trust has successfully fought off a bid from 3i after having gained 76.15% of shareholders' votes. Electra will now be able to focus on its planned five-year realization programme. 3i has stated that it aims to be the first global private equity firm, and is entering into a 60/40 joint venture with Industrial Bank of Japan. This joint venture will develop management buyout activities in the Japanese market.

Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Planning, 3i Group PLC

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