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Mercury Private Equity sets up new £4m fund

Mercury Private Equity has set up a new £400 million fund which will invest in healthcare, support services, general buyouts and the media sector.

It will target mid-market firms in Britain and Europe with values of between £2 5million and £250 million as well as existing Mercury investors.

Mercury chief executive Ian Armitage says “£360 million has already been committed and we are raising £400 million more.”

“It will be invested in growth capital and we are looking for companies where there is some strategic repositioning-such as public to privates.”

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