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Dresdner buys Elderstreet Investments

UK venture capital company Elderstreet Investments has this week been acquired by Dresdner Kleinwort Benson, the investment banking division of Dresdner Bank.

DKB will now own 82 per cent of the business and said Elderstreet would develop a pan-European platform for early stage IT software technology investments.

DKB will also be investing up to £45m in a new European fund for Elderstreet but says the venture capital company will keep its team structure and investment focus.

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