3i Group PLC Completion of sale of 3i Debt Management (4633Y)
March 03 2017 - 5:00AM
UK Regulatory
TIDMIII
RNS Number : 4633Y
3i Group PLC
03 March 2017
3 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 GBP270
million, of which GBP34 million relates to the repayment of loans
provided to 3i Debt Management to fund two CLO warehouses, and an
exceptional profit on disposal of GBP47 million, which will be
included in our March 2017 NAV.
-Ends-
For further information, contact:
3i Group plc
Silvia Santoro
Investor enquiries Tel: +44 20 7975 3258
Kathryn van der Kroft Email: silvia.santoro@3i.com
Media enquiries
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
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