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3i Group Sells Its Venture Portfolio

Coller Capital, HarbourVest Partners and DFJ Esprit — part of the global network of the Menlo Park-based VC, Draper Fisher Jurvetson — paid around $217 million (130 million pounds) for the portfolio, which includes stakes in telecom, media, healthcare and technology companies in Europe. Coller and HarbourVest were reported last April to be considering bids.

3i Group has been trying to get out of early stage investing for some time and closed its office in Menlo Park late last year. It has spent much of this year selling off assets to reduce debt.

DFJ Esprit, which is based in London and Cambridge, will manage the portfolio through a new division it set up called Encore Ventures.