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.
Michael Holgate has been promoted to partner, while Andy Dyer is now a director
Axis Participaciones and Sofimac Innovation, through Pertinence Invest 2, also take part in the round
Acquisition of processing company, rebranded as Millhouse Berlin, is the GP's fourth deal of 2020
Sale ends a five-year holding period, during which Aurelius sold Mez's Italy-based subsidiary