PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

3i Group receives proceeds of cGBP146m from sale of Basic-Fit shares

3i , and funds managed by 3i, have sold 4.5 million shares in Basic-Fit, a European specialist in the value-for-money fitness market, at a price of EUR44.25 per share.

As part of this transaction, 3i Group has reduced its stake from 11.6 per cent to 5.7 per cent and received proceeds of c.GBP146 million. Following the offering, 3i Group’s remaining stake is worth approximately GBP143 million.

These proceeds take 3i Group’s cash return to date from its investment in Basic-Fit to 4.1x and, including remaining value, to 5.5x. Basic-Fit listed on the Euronext Amsterdam NV at EUR15.00 per share in June 2016.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured