Private equity group 3i (III) has agreed to sell its debt management business to Gulf-based alternative investment company Investcorp, generating £222m in cash proceeds. Chief executive Simon Borrows plans to focus on managing 3i's private equity portfolio and growing infrastructure business.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis