NETHERLANDS - 3i and H.I.G provide EUR 17.2m new equity for VNU Media

According to press reports, ABN Amro rejected VNU Media's request for an additional EUR 2m credit last month citing the company's failure to meet its obligations. The new agreement includes a reduction in debt, as well as an equity injection of EUR 17.2m from 3i and existing backer H.I.G Capital, which will give both private equity houses an equal stake in the business.

3i acquired the company in a EUR 320m deal in January 2007. Earlier this year the GP effectively valued its investment in the company at zero, down from the EUR 71m 12 months ago.

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• Expansion
• Benelux
• Media