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Religare commences $1bn asset manager buy-up with Northgate Capital purchase

23 Feb 2010

India financial services group Religare Enterprises has acquired a majority stake in US and UK-based fund of funds investor Northgate Capital. Reportedly valued at $36m, the deal is the opening salvo in a $1bn spending programme Religare is planning that will see the group invest in asset management firms across the globe.

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