Burst of Activity for 3i in Midlands

Birmingham PostMay 14, 2004

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Summary


After a year in which Britain's biggest venture capital company 3i sold out of many long-standing investments to concentrate on those where it sees the best growth prospects, its Midlands operations is engaged in a new burst of investment activity.

Deals during the year to March included a pounds 27 million top- up investment in the vanmaker LDV and a pounds 28 million stake in THE, the Newcastleunder-Lyme home distributor of DVDs and other home entertainment products.

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Extract


Burst of Activity for 3i in Midlands

'We invested nearly pounds 60 million, almost double what we did in the previous year,' said Richard Bishop, 3i's local d...

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