Posted on: February 13, 2013 by Luisa Beltran
3i Group may not have a new fund to invest,but the publicly traded investor will use its balance sheet to seek out deals in North America and Europe, says says Ken Hanau, North America managing partner.
Tags: 3i Group, Mold-Masters
Posted on: February 12, 2013 by Reuters News
British private equity firm 3i has sold plastic equipment maker Mold-Masters to US rival Milacron for 615 million pounds ($963 million) as part of its debt-reduction disposal plan, writes Reuters. Under pressure from frustrated shareholders to cut its 1.2 billion pound debt to less than 1 billion pounds by June, 3i had said it will focus on asset disposals to achieve this goal and boost its weak share price.
Tags: 3i, Mold-Masters