SWEDEN - 3i makes 10x its money on Nordic Modular
3i, together with the management of Nordic Modular, has signed an agreement to sell all the shares in Nordic Modular to Kungsleden AB, a Stockholm-listed real estate company. The sale price is approximately EUR 100m and includes the subsidiaries Flexator, Temporent and Nordic Modular Leasing. 3i's proceeds represent a money multiple of nearly 10x its original investment and a cash uplift of EUR 65m.
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