Buyout firm Parcom Capital, which is owned by ING Groep, has received â¬1bn ($1.6bn) from its Dutch banking parent to take stakes in quoted companies in the latest sign the private equity industry is pursuing business opportunities outside its traditional activities.
Parcom Quoted Equity will buy stakes of between 5% and 30% in companies in Benelux, France, Germany and Switzerland with a market capitalisation of between â¬100m and â¬1.5bn.
