3i makes 3.3x money on Warren's sale
3i has announced that it has sold its minority stake in A Warren & Sons Ltd, a leading supplier of industrial products to the construction industry, to the BSS Group. BSS has paid £14m in cash on completion with a further amount of up to £750,000 maximum, payable in cash depending upon the working capital at completion. 3i’s proceeds represent a money multiple of 3.3x and an IRR of 22%.
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