Taking a lever to Europe

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No firm is better than Doughty Hanson at repackaging ropy European manufacturers and selling them off at a premium, or - to put it more kindly - transforming underperforming privately held businesses into dynamic public corporations. This secretive firm of venture capitalists is making money hand over fist and generating lucrative business for investment bankers. But can it find enough deals to keep up its impressive track record? Peter Lee reports.