Banca Sistema, an Italy-based specialist bank backed by RBS Special Opportunities Fund, has applied to the Italian securities and exchange commission, Consob, for permission to float.
EQT IX is expected to be 70-75% invested following the deal
Previous fund held a final close in 2012 with capital commitments of USD 840m
MoU marks LBO France's first foray into the Chinese market, with plans to open a local office
ECI bought the asset from Phoenix less than three years ago