3i
Time running out for Coronel Tapiocca
Coronel Tapiocca, the Spanish fashion label owned by Gala Capital, has failed to reach an agreement with its lenders before today’s deadline.
3i and TCR Capital acquire Trescal from Astorg
3i and TCR Capital have acquired a majority stake in French measurement services specialist Trescal from Astorg Partners.
Jonathan Russell departs from 3i
3iтs managing partner of buyouts will leave the company after 24 years, according to reports.
3i exits Panreac via trade sale
3i has completed the exit of its Spanish chemicals business Panreac via a trade sale to Illinois Tool Works Inc (ITW).
3i mulls over possible GES sale
3i Group has hired Citigroup to conduct a strategic review of Spanish wind farms builder Global Energy Services (GES).
3i-backed Refresco acquires SDI
3i-backed soft drinks and fruit juice producer Refresco has acquired Soft Drinks International (SDI) as part of the company’s buy-and-build strategy.
Smaller investors look to private equity ETFs
Investors seeking to gain exposure to the private equity asset class have increasingly been looking to use synthetic products. Interest has not only been from smaller investors in search of lower liquidity risks and entry barriers, but LPs sitting on...
3i to sell German MWM and Norma Group
3i is reportedly working on plans to sell two German portfolio companies, MWM and Norma Group, whose collective value has been estimated to be in excess of €1bn.
3i exits business support specialist KNEIP
3i has exited its minority stake in KNEIP, a Luxembourg-based provider of specialist business support services to the asset management industry.
3i-backed NORMA acquires R.G.RAY Corporation
3i portfolio company NORMA Group has completed the acquisition of R.G.RAY Corporation.
Deutsche promotes Bagshaw to head of PE unit
Adam Bagshaw has reportedly been promoted to head of Deutsche Bank's private equity unit, replacing Rob Firth, who left the bank last month to join Bank of America Merrill Lynch.
3i returns up in 2009/10
3i made a gross portfolio return of £843m according to its full year results, after suffering losses in excess of £2bn in the previous financial year.
Former fund managers sue 3i
Two former 3i fund managers have reportedly sued the company for ТЃ3.06m each in shares and cash performance bonuses, following the closure of a fund they were hired to run.
3i appoints Sir Adrian Montague as chairman
The board of 3i Group plc has appointed Sir Adrian Montague CBE as chairman, effective following 3iтs AGM in July 2010.
Philip Yea to hit stock market with oil and gas fund
Philip Yea, the former 3i chief executive, is assembling a team to launch a fund dedicated to buying assets in the oil and gas market.
3i takes minority stake in Refresco in €84m deal
3i has taken a 20% stake in Dutch beverage manufacturer Refresco in an expansion deal valued at €84m.
3i closes growth fund on €1.2bn; open to new investments
Further strengthening its position in the markets, 3i has just announced the final close of its Growth Capital Fund on тЌ1.2bn, and has made it clear that the firm will continue to look for new investment opportunities.
3i to sell Panreac
It is understood that 3i is preparing the sale of its Spanish chemical business Panreac.
3i and N.I. Partners acquire Apax's stake in Vedici
3i and N.I. Partners have acquired a stake in acute care company Vedici, alongside founding directors Jérôme Nouzarède and Michel Bodkier, from Apax Partners SA and its listed vehicle Altamir Amboise.
3i loses control of Global Garden Products
3i has lost control of its Italian lawnmower manufacturer Global Garden Products (GGP), which has been taken over by its senior lenders during the company’s restructuring process.
3i drops Ambea IPO; reaps 3.4x in SBO
3i has dropped the planned IPO for healthcare group Ambea, and opted for a sale to private equity firm Triton. Yet, the IPO can still prove a lucrative exit for Nordic GPs.
3i gains control of Mosaicon
UK-based private equity firm 3i has gained control of Mosaicon (formerly Antichi Pellettieri Bags), following the debt restructuring of the parent company Antichi Pelletieri.
3i makes 3.5x money on Ambea sale to Triton
3i has divested its stake in healthcare and care services provider Ambea in a тЌ850m secondary buyout to Triton.