3i mulls sale, IPO for Finnish telecom unit – Reuters

By Reuters News — 2 years ago

3i is considering a sale or initial public offering of its Finish telecommunication unit, Eltel Networks, in a deal that may value it about 1 billion euros ($1.4 billion) including debt, Bloomberg reported, writes Reuters. Morgan Stanley and French bank BNP Paribas SA were advising on the sale, according to reports.

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3i sells German car parts maker Hilite to AVICEM

By Iris Dorbian — 2 years ago

3i has sold Hilite to AVIC Electromechanical Systems Co., a subsidiary of Chinese industrial conglomerate AVIC, for approximately 473 million euros. Morgan Stanley Bank AG provided financial advice on the transaction. Headquartered in Marktheidenfeld, Germany, Hilite is a provider of automotive system solutions.

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PE-backed Phibro Animal Health prices IPO

By Iris Dorbian — 2 years ago

Phibro Animal Health Corp, which is backed by 3i Group, said Monday that it has priced its IPO of over 11 million shares at $16 and $18 per share. The stock will trade on the NASDAQ under the ticker symbol “PAHC.” BofA Merrill Lynch, Morgan Stanley and Barclays are the lead underwriters. Based in Teaneck, NJ, Phibro is a maker of animal health and mineral nutrition products.

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Patrick Dunne appointed D3O chairman

By Angela Sormani — 2 years ago

British smart materials specialist D3O, has appointed Patrick Dunne as chairman. He brings a wealth of international business experience from investor 3i where he held a variety of investment and leadership roles and was a member of its operating committee.

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