Reuters logo
BRIEF-3i Group to sell minority stake in Foster + Partners
June 30, 2014 / 11:41 AM / 3 years ago

BRIEF-3i Group to sell minority stake in Foster + Partners

June 30 (Reuters) - 3i Group Plc

* Announces the sale of its minority stake in foster + partners (”the company

* 3i has today received cash proceeds of £70 million which, together with loan repayments received to date, represents aggregate cash proceeds of £108 million

* Will receive deferred consideration of £40 million plus interest.

* This represents a money multiple of 1.8x on 3i’s original investment and a small premium to the valuation at 31 march 2014. Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below