3i Group PLC Completion of sale of 3i Debt Management (4633Y)

TIDMIII

RNS Number : 4633Y

3i Group PLC

03 March 2017

3 March 2017

3i announces the completion of the sale of 3i Debt Management to Investcorp

Following the announcement of 25 October 2016, 3i Group plc ("3i") announces the completion today of the sale of 3i Debt Management to Investcorp.

The transaction generates total cash proceeds to 3i of GBP270 million, of which GBP34 million relates to the repayment of loans provided to 3i Debt Management to fund two CLO warehouses, and an exceptional profit on disposal of GBP47 million, which will be included in our March 2017 NAV.

-Ends-

For further information, contact:

 
 3i Group plc 
  Silvia Santoro 
  Investor enquiries        Tel: +44 20 7975 3258 
  Kathryn van der Kroft     Email: silvia.santoro@3i.com 
  Media enquiries 
                            Tel: +44 20 7975 3021 
                            Email: kathryn.vanderkroft@3i.com

About 3i Group

3i 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 03, 2017 05:00 ET (10:00 GMT)

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