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3i set to acquire Enterprise for 486 mln stg-paper

Wed Mar 21, 2007 9:21pm EDT

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Mergers & Acquisitions

LONDON, March 22 (Reuters) - Private equity firm 3i Group (III.L) is set to announce as early as Thursday an agreed deal to acquire British maintenance and support firm Enterprise Plc ETR.L in a management buyout worth 486 million pounds ($951.2 million), the Times reported on Thursday.

The newspaper quoted unnamed sources as saying 3i was putting the final touches to the deal.

A comment was not immediately available from 3i or Enterprise.

Enterprise said last month it was in talks with 3i over a potential 486-million-pound offer for the firm.

((Reporting by Deborah Haynes; editing by Carol Bishopric; e-mail: Deborah.Haynes@reuters.com; tel: +44 207 542 7717))

($1=.5109 Pound) Keywords: 3I ENTERPRISE/

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