Business
Completion of sale of 3i Debt Management
Completion of sale of 3i Debt Management.
About this update from 3i Group Plc
[{"type":"text","content":"\n \nRNS Number : 4633Y 3i Group PLC 03 March 2017 \n\n3 March 2017\n \n3i announces the completion of the sale of 3i Debt Management to Investcorp\n \nFollowing the announcement of 25 October 2016, 3i Group plc (\"3i\") announces the completion today of the sale of 3i Debt Management to Investcorp.\nThe 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.\n \n-Ends-\n \n \nFor further information, contact:\n \n\n\n\n\n3i Group plc\n \nSilvia Santoro\nInvestor enquiries\n \nKathryn van der Kroft\nMedia enquiries\n \n\n\n \n \nTel: +44 20 7975 3258\nEmail: [email protected]\n \nTel: +44 20 7975 3021\nEmail: [email protected]\n \n\n\n\n\n \n \nAbout 3i Group\n3i 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 \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISOKNDQCBKKNNK\n ","length":2832,"tagName":"div"}]