Behrman Capital, the private equity company based in New York and San Francisco, is planning to seek its first acquisitions in Europe with the launch of a new $1.2bn (€1.36bn) fund.

Behrman Capital has formed an international advisory board in tandem with the launch of its third fund, the Behrman Capital III, to examine overseas investment opportunities. It is particularly interested in the wireless telecommunications sectors in Scandinavia and Germany as possible areas for its first European acquisitions, according to Darryl Behrman, one of the company's founders and managing partner.