PE groups combine under RBEF banner; law firms gear up to compete for its work
November 13, 2002 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
The Royal Bank of Scotland (RBS) has consolidated its private equity arms into one, heralding a shake-up of its legal advisers.
The changes, announced earlier this month, see Royal Bank Private Equity (RBPE), Royal Bank Development Capital (RBDC), Royal Bank Ventures and Royal Bank Property Ventures all fall into one group called Royal Bank Equity Finance (RBEF). Bringing together RBPE and RBDC merges two of the most active mid-market private equity houses in the UK.
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