3i
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.
West of England Trust buys back shares from 3i for £9m
West of England Trust Ltd has bought back its shares from 3i for £9m.
PE interested in Evershot
Media reports suggest that CVC Capital Partners and a consortium of Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital have put forward bids in the £2bn auction of HSBC’s UK rail unit Evershot.
3i appoints two to global IR team
UK–based private equity player 3i has made two senior appointments to its fund investor relations (FIR) team as part of its focus to further enhance its relationships with its LPs around the world.
Finance Wales appoints Rowlands as non-exec
Regional investor Finance Wales has appointed former 3i managing partner Chris Rowlands as non-executive director.
3i looks to sell Mayborn
3i is said to be looking for a buyer for Mayborn, the company that makes Tommee Tippee baby bottles and beakers. The buyout house has declined to comment.
Frog Capital appoints 3i's Lowery as partner
Frog Capital has hired 3i's Stephen Lowery as partner to the firm.
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 €1.2bn, 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.
Encore Ventures and MTI exit ApaTech in $330m deal
Encore Ventures and MTI Partners have exited their investment in orthobiologics products company ApaTech via a trade sale to healthcare business Baxter Inc. for a total consideration of up to $330m.
Banks seize control of 3i-backed Ultralase
Senior lenders have reportedly taken control of 3i-backed Ultralase, the UK laser eye surgery chain, as part of a pre-pack administration, making it the second of the private equity firm's portfolio companies to fall within a week.
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's British Seafood falls into administration
3i-backed British Seafood, the fish importer and distributor, is understood to have gone into adminstration, wiping out the private equity firm's £81m investment in the company.
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 €850m secondary buyout to Triton.
3i-led consortium favourite bidder for E.ON Italian gas grid
According to reports, a 3i-led consortium, which includes Italian gas supplier Erogasmet, has been selected by E.ON for the acquisition of its Italian gas grid; the deal has been estimated at over €300m.
3i completes exit of Telecity; reaps 5x return
3i has sold its remaining 16.5% stake in listed Telecity Group, a provider of premium network independent data centres, at a price of 345p, realising proceeds of £111m.
Water investing: money on tap?
Water is back on tap as two companies in the area have generated interest from private equity this week, reports Deborah Sterescu.
Candover creates two new roles; promotes two
Candover Partners has announced the creation of two new roles, appointing Philip Price as chief operating officer and Kit Tuke as head of debt.