3i is thought to be one of a handful of private equity firms considering a bid for the electricity distribution arm of United Utilities. United Utilities has appointed Deutsche Bank to conduct the sale of the business formerly known as Norweb which serves customers in the North West of England. It is anticipated that the deal could fetch up to £1.2bn at auction.
Deal includes three manufacturing facilities located in Spain, which employ around 140 staff
GP acquired the care home group from Swiss Prime Site and will be the company's sole shareholder
Iris, Idinvest and historical backers invest in the manager of the eponymous social media app
GP uses its Mérieux Participations 3 fund, which held a first close on €200m in 2018