| From WSJ: Lehman Brothers' EUR800m ($1bn) European mezzanine fund has been spun out to its management team, closing one of the final chapters in the story of the defunct US bank's private equity interests.
Managers of Lehman's European mezzanine fund took control of the vehicle on Friday through a new London company, Neovara. No money changed hands in the deal, which was conducted in New York by Lehman Brothers Holding and advised by its administrator, Alvarez & Marsal.............................................Full Article: Source
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