Dutch PE Fund, Cancer Center Settle €5.3M Repayment Suit

Law360, London (October 31, 2019, 2:40 PM GMT) -- A Dutch equity firm has reached a settlement with a cancer treatment center it accused of failing to repay €5.3 million ($5.9 million) in loans and interest.

Judge Simon Picken signed off a consent order at the High Court on Wednesday saying that the parties had “negotiated agreed terms of settlement” and that the fund managed by the equity firm had filed a notice seeking to drop the litigation.

The dispute stemmed from a €21 million loan package that AMC Purple III BV — a €200 million fund operated by the Dutch firm, Mezzanine Management — struck with Amethyst Radiotherapy Ltd. in 2014. The...

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