3i
3i-backed Azelis in €30m capital increase
3i has taken part in a €30m capital increase for its portfolio company Azelis, a Belgian speciality chemicals distributor.
vR and CBG Commerz back VELOX
vR Equity Partners and CBG Commerz Beteiligungskapital, the mezzanine arm of Commerzbank, have provided mezzanine funding for commodities distributor Velox.
3i looking to divest Labco and Civica
3i has initiated much anticipated exit processes for Labco and Civica, two acquisitions made in 2008, according to reports.
3i-backed Element Materials buys MERL
3i portfolio company Element Materials Technology, a materials testing firm, has acquired Materials Engineering Research Laboratory Limited (MERL).
3i secures refinancing for Element Materials Technology
3i-backed Element Materials Technology has secured a $93.25m refinancing package from its existing banking syndicate and two new banks.
3i-backed La Sirena completes refinancing
La Sirena, a Spanish frozen foods firm backed by 3i, has completed its refinancing plan.
3i sells Esmalglass to Investcorp
3i has sold ceramic and enamel producer Esmalglass-Itaca to Investcorp in a deal understood to be worth around €200m.
3i debt management business expands to the US
3i has established a debt management platform in the US through a partnership with WCAS Fraser Sullivan Investment Management.
The State at play: Italian government jumpstarts flat market
The State at play
3i to restructure La Sirena debt
3i has asked lenders to restructure a partially amortised loan worth €90m for Spanish frozen foods retailer La Sirena.
Investcorp bids for 3i-backed Esmalglass
3i has received an offer of around €300m from Investcorp for Spanish ceramic enamel producer Grupo Esmalglass.
3i sells LNI stake for €36m
3i Group has sold its 5.7% stake in Lakeside Network Investments (LNI) to Teachers Insurance and Annuity Association of America for €36m.
3i slashes third of workforce
3i has confirmed the extent of its cost-cutting strategy, which will see the firm lay off 160 staff and close several offices worldwide.
Investindustrial exits Contenur
Investindustrial has exited plastic urban waste containers producer Contenur to Miura Private Equity and Demeter Partners of France.
AXA PE buys Novotema from 3i
AXA Private Equity has completed the secondary buyout of Italian rubber components manufacturer Novotema Group from 3i.
3i to cut jobs and offices
New 3i CEO Simon Borrows is set to reveal plans to cut staff and close downs several offices at the group's AGM this week, according to reports.
3i exits Finnish outdoor brand Halti Oy
3i has sold its 49% equity stake in Finnish outdoor equipment company Halti Oy to Ingman Group.
PE marketers launch Pivot Partners
Emma Payne and Ingrid Tighe have launched Pivot Partners, a strategic marketing business focusing on the private equity industry.
3i pulls out of Habbo Hotel firm Sulake
3i has joined Balderton in pulling out of Finnish portfolio company Sulake following a scandal in one of the online games it runs.
Balderton dumps Sulake after documentary exposé
Balderton has dumped its stake in Finnish social networking company Sulake following a damning Channel 4 investigation into the firm.
CEO Simon Borrows invests £7m in 3i shares
Newly-appointed 3i chief executive Simon Borrows has bought four million shares in the company, worth slightly less than £7m, according to reports.
3i debt arm increases AUM by €2bn
3i Debt Management (3iDM) has added €2bn to its assets under management with the purchase of seven collateralised loan obligation (CLO) management contracts from investment manager Invesco.
De Persgroep Netherlands acquires 80% of PE-backed VNU Media
The Dutch arm of Belgian media company De Persgroep has acquired an 80% stake in Netherlands-based VNU Media, which is jointly held by 3i and HIG Capital.
Simon Borrows steps in as 3i CEO
3i Group has officially appointed Simon Borrows as CEO, taking over from Michael Queen with immediate effect.