Private Equity Funds Fined for Antitrust Violations by Their Portfolio Companies
On 2 April 2014, the European Commission imposed fines totaling EUR 301.6 million on eleven producers of underground and submarine high-voltage power cables, including the Italian cable maker Prysmian, a company held in the portfolio of Goldman Sachs Capital Partners. The Commission's decision is noteworthy as the fund manager, Goldman Sachs Capital Partners, was held jointly and severally liable for a portion of the EUR 104.6 million fine imposed on Prysmian.
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