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Publication: FINANCIAL TIMES
Date: 10 October 2000
Title: EEP Attracts Ł33m Funding

European Equity Partners has raised an additional Ł33m (Ł20m) for its fund investing mainly in Scandinavian technology businesses. The UK-based Ł53m fund focusing on Swedish technology companies in the fibre-optic communications or mobile services areas. Hans Blomberg, a co-founder of the fund and former vice-president of mergers and acquisitions at Merrill Lynch International, said: "There are a lot of good technology companies coming out of Swedish universities or being set up by staff who used to work for Ecrisson." They are particularly strong in fibre-optic technologies because a lot of fibre-optic cable has been laid in Sweden. The fund's strategy is to invest between Ł1m and Ł5m in promising businesses that need first-round funding.

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