Dresdner Kleinwort Capital, a division of German group Allianz Private Equity, has acquired 60% of Newlast, Italian producer of CNC machines and CAD/CAM systems for last manufacturing. Newlast has 80 employees and earned Eur20 million  revenue in 2002, with a 30% growth forecast for 2003. DrKC manages funds of approximately Eur5 billion throughout the world and is active on all of the major markets with offices in London, Frankfurt, Munich, Madrid, Milan, New York and Los Angeles.

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