PRINT THIS PAGE US Ripplewood to merge with Mid-Ocean Partners29/04/2004. Source: AltAssets. 
 US Ripplewood Holdings is to merge with Mid-Ocean Partners, a group formed last year out of Deutsche Bank's private equity division. The two groups will work together on deals for an interim period while they invest their existing pools of capital, before raising a new fund as a single entity.
'This strategy was borne out of our desire to build one of the truly great private equity firms in the world,' Tim Collins, chief executive of Ripplewood, told the Financial Times. The enlarged business will extend the global reach of the individual firms, with operations in the US, Europe and Asia.
The new firm will operate under the Ripplewood name. Collins, and Mid-Ocean chief executive, Ted Virtue, will share the title of senior managing director when the new fund is raised.
'No two private equity firms share more similar business strategies, investment philosophies and skill sets,' said Virtue. 'We hope to outperform all other peers in private equity.'
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