China Investment Corp has invested €685m (£599m) into Apax Partners’ €11.2bn fund in a landmark deal that could encourage other buy-out groups to solicit investments from the Chinese sovereign wealth fund. Apax gained approval from the UK’s FSA watchdog this week to complete the deal, in which CIC has also acquired a 2.3% stake in the management company of one of Europe’s biggest private equity funds.

This entry was posted by Gwen Robinson on Wednesday, February 3rd, 2010 at 5:38 and is featured in The 6am Cut London (3 Feb 2010) . Tagged with apax, CIC, fsa. Edit this entry.