Upgrade Now

Company Announcements

Completion of sale of 3i Debt Management

Related Companies

By LSE RNS

RNS Number : 4633Y
3i Group PLC
03 March 2017
 

 

3i announces the completion of the sale of 3i Debt Management to Investcorp

 

Following the announcement of 25 October 2016, 3i Group plc ("3i") announces the completion today of the sale of 3i Debt Management to Investcorp.

The transaction generates total cash proceeds to 3i of £270 million, of which £34 million relates to the repayment of loans provided to 3i Debt Management to fund two CLO warehouses, and an exceptional profit on disposal of £47 million, which will be included in our March 2017 NAV.

 

-Ends-

 

 

For further information, contact:

 

3i Group plc

 

Silvia Santoro

Investor enquiries

 

Kathryn van der Kroft

Media enquiries

 

 

 

Tel: +44 20 7975 3258

Email: silvia.santoro@3i.com

 

Tel: +44 20 7975 3021

Email: kathryn.vanderkroft@3i.com

 

 

 

About 3i Group

3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Our core investment markets are northern Europe and North America. For further information, please visit: www.3i.com 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISOKNDQCBKKNNK

Top of Page