Private buyout firm Hicks, Muse, Tate & Furst Inc. has split off its London office as a stand-alone firm, AP reported.
The company -- which has managed more than $11 billion in investments since its founding in 1989 -- will concentrate on investments in North America, according to AP.
Hicks, Muse opened the London office seven years ago, and chairman John R. Muse told AP the “governance and economics of our Europe Fund have been separate from those of our North American firm for some time."
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