UK - 3i set to profit further from NCP Services exit

Three months after selling the car park arm of NCP, 3i is to see further realisations from the divestment of NCP Services. Macquarie Infrastructure acquired NCP Car Parks in March 2007 in a £790m transaction generating returns of 3x for 3i. 3i is now set to sell off the NCP Services business which comprises traffic warden services, clamping and CCTV monitoring for an estimated £300m. UBS is running an auction process to facilitate the disposal which is thought to have attracted both trade and private equity interest. French buyout groups Eurazeo and Vinci are thought to be amongst the bidders.