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Apax plans Asian buyouts

Apax Partners, a European private-equity firm, plans to open an office in Hong Kong to be led by partner Max Burger-Calderon.

The Wall Street Jounal reports that Apax will invest in buyouts and take stakes in Asian companies using its $1.5bn (€1.2bn) US fund and its €4.4bn ($5.5bn) European fund.

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