Credit Suisse to sell DLJ Merchant Banking to Coller

Amy King
04 December 2013

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Credit Suisse Group is to sell its shares in mid-market buyout arm DLJ Merchant Banking Partners to Coller Capital, according to reports.

The deal is thought to have been approved by the Federal Trade Commission on Monday.

The bank is understood to be selling its stake in DLJ Merchant Banking Partners IV, a $2.1bn vehicle that closed in October 2006. The fund secured commitments from institutional and private investors, the majority of which are based in North America, according to unquote" data.

It focuses on investments in North America and western Europe, targeting buyouts across a range of sectors in the mid-market space. Typical investments range from $20-200m in firms with enterprise values of $200m-2bn.

The investor backed Zug-based energy management solutions firm Landis+Gyr in 2010 when it provided a $165m equity finance package to support the roll-out of its smart-metering systems.

Credit Suisse and Coller Capital could not be reached for comment.