By LSE RNS
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.
For further information, contact:
3i Group plc
Kathryn van der Kroft
Tel: +44 20 7975 3258
Tel: +44 20 7975 3021
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