3i Group plc (“3i”) yesterday announced that it is facilitating a transaction that will provide liquidity to limited partners in EuroFund V,who need to exit as the fund comes to the end of its life,through a sale of their interest in Action to new 3i-managed entities backed by existing investors in EuroFund V, new investors and by 3i.
This transaction values Action at an enterprise value of €10.25 billion and is expected to close in January 2020.Since that announcement,Partners Group,on behalf of its clients,has announced that it has agreed to sell its minority equity stak ein Action to Hellman & Friedman, in a separate transactionat the same valuation.
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For further information, contact:3i Group plc Silvia Santoro
Investor enquiries Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3258 Email: silvia.santoro@3i.com Tel: +44 20 7975 3021 Email: kathryn.vanderkroft@3i.com
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About 3i Group3i is a leading international investment manager focused on mid-market private equity and infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com.
