DZ Bank, WGZ Bank Merge Private Equity Businesses

Law360, New York (August 20, 2012, 6:58 PM EDT) -- Regional German banks DZ Bank AG and WGZ Bank AG have agreed to merge their private equity companies to establish a joint investment venture known as Equity Partner GmbH, further solidifying a yearslong partnership between the banks, DZ Bank announced Monday.

The shareholders of both companies have approved the merger of DZ Equity Partner GmbH and WGZ Initiativkapital GmbH, for which the parent companies signed an agreement late last year. Financial details of the transaction were not immediately available.

“The merged company will be one of...
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