Advent and the Kreke family, which owns 20 percent of the group, sold their Christ jewellery stores - which have annual revenue of around 400 million euros ($507 million) and employ about 2,400 staff in 220 shops - to 3i, the buyout groups said on Monday.
Britain's oldest private equity group, which owns one of the Baltic Sea's largest ferry operators, has complained to the EU Commission about the proposed construction of a tunnel linking Denmark and Germany.
And the other companies said to be interested in buying Gorkana (including private equity firm 3i, business information and events group UBM and Germany's information, monitoring and consultancy giant Unicepta) will be miffed as well, so competition ...
Coor, based in Stockholm, has been controlled by Cinven since December 2007, when it was bought for 536 million euros from 3i Group Plc. It offers a range of workplace services, such as cleaning, property maintenance and installation of machinery.
Alternative investment management group Oaktree Capital Management L.P. has purchased Hess Corp's share of proprietary energy trader HETCO, and will inject $500 million to fund the New York-based outfit's expansion into new commodity markets.