Hicks Muse spins-off European business

The European operations of Hicks Muse Tate & Furst has split from its US parent and established itself as an independent outfit. The split comes as part of a succession plan to replace the founding partners. The European business is also planning to change its name. The process of splitting the firm was initiated at the beginning of 2004 and this announcement is just the recognition of a final, administrative separation. Hicks Muse was founded in 1989 and has completed more than $50bn of investments in over 400 companies.

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