* Restructuring follows death of co-founder last year
* Will not raise new funds for technology, real estate
LONDON Feb 8 Doughty Hanson said on Monday it
would not be raising any new real estate or and technology
venture capital funds.
The death of the company's co-founder and main shareholder
Nigel Doughty last year prompted a review of the business which
will now focus on core private equity investments - mainly
majority ownership of mid-sized European companies valued at
between 250 million euros ($330 million) and 1 billion euros.
The company, whose investments include the Vue cinema chain
and luxury luggage maker Tumi, did not give any further detail
on the reason behind this decision.
Its last private equity fund, in 2007, raised 3 billion
Chief Executive Stephen Marquardt said the company's real
estate and technology teams would continue to manage their
existing funds. "However, we will not be establishing any new
funds in these sectors," he said.
Doughty Hanson's real estate portfolio, set up in 1999,
includes Volvo offices in Sweden and shopping centres in Spain,
while the technology business has invested in a range of mobile
technology, cleantech and Internet software firms.