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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.


Value added facts

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R&SA offers IHT pack to advisers

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Vavo expands insurance for over 45s

Vavo has expanded its range of personal insurance for those over 45 years of age by offering home insurance and annual and single-trip travel insurance. Vavo expects the new cover to be popular to those of retirement age who the life office claim are regularly denied cover or are over-charged . Backed by Prudential and […]

Extra, extra, read all about it

I am a director of a family company who has retirement looming in the near future. A director&#39s pension scheme was set up for my benefit 20 years ago, partly to allow the company to borrow money back from the scheme from time to time.I have now been advised that scheme funds will probably be […]


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