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HEV, the venture capital business of the former Hambros Bank, has been bought out by a new independent company called Duke Street Capital.
Investec of South Africa is to acquire Hambros for £428m, which will give it stakes in two fund management companies, a private equity operation, and a number of investment stakes.
Hambros has agreed the sale of its banking business to Societe Generale of France for £300m, and the rest of its business will be wound down.
Hambros has sold its corporate loan business to Generale de Banque of Belgium for a sum thought to be less than £10m.
Hambros has acquired Blue Green, the French-based golf course owner, through its HEV venture capital operation for £13.6m.