Reuters reports the backing of a sovereign wealth fund and a UK institution to prop up the business of 3i.
Tags: 3i Group
Private equity group 3i completes $48M of exits in last quarter of 2013
Private equity group 3i said it was able to close exits worth £29 million or $48 million in the final quarter of last year, bringing its overall proceeds for the year to £557 million, Reuters reported.
Basic-Fit raises EUR 110 million in venture round funding from 3i Group
Basic-Fit, a Netherlands-based discount fitness operator receives a venture round funding worth about EUR 110 million from the 3i Group PLC. Now with an enterprise value of EUR 275 million, this round would help Basic-Fit further into their domestic and international rollout plans.
Mergers and takeovers in EU
The following are mergers under review by the European Commission and a brief guide to the EU merger process
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Tuesday. The following bids, mergers, acquisitions and disposals were reported on Tuesday.
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Enterprise a sub unit of 3i was sold to Ferrovial for GBP 385 million. Ferrovial of Spain recently announced that it has agreed with the 3i Group to purchase in full the UK based services company Enterprise for a whopping GBP 385 million or US$589 million.
British private equity firm 3i Group promoted investment chief Simon Borrows to the top job on Thursday.
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