3i Sells Precise Media

3i Group has sold UK media monitoring agency Precise Media Group to Phoenix Equity Partners and company management for Gbp42 million. 3i’s proceeds are Gbp24 million, which represents a 3.2x multiple from its original investment, which came in March 2005. www.precise-media.co.uk< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />