London-based private equity firm
3i last month announced it has closed the new $1.6 billion fund for making investments across Europe, Asia and North America, raising about $540 million from limited partners and contributing about $1.1 billion from its own coffers.
The firm also announced the fund’s first deal, taking a 20% stake in European fruit juice producer Refresco for about $115 million
The new fund launch comes as 3i said its overall portfolio performance is in line with expectations as it sees companies across its portfolio improve. —Simon Meads, Reuters