Connect to share and comment

3i receives private equity bids for Civica - source

(Reuters) - Private equity group 3i <III.L> has received several bids from fellow buyout firms for UK software provider Civica, a source familiar with the matter said on Monday. Advent International, Apax Partners, Bain Capital and Cinven have all submitted bids for Civica, the source said. Under pressure from frustrated shareholders to cut its debt of 1.2 billion pounds to less than 1 billion pounds by June, 3i had said it will focus on asset disposals to achieve this goal and boost its weak share price.

3i on the defensive as investor builds stake

* Activist Bramson's Sherborne vehicle owns 4.2 pct of 3i * 3i says it has "wasted no time" to restructure * 3i shares have risen 65 pct since mid-2012 LONDON, March 1 (Reuters) - Private equity group 3i defended its turnaround strategy on Friday after it emerged that activist investor Edward Bramson had increased his stake in the company.
Syndicate content