3i Group has announced that its sale of 3i Debt Management to Bahrain-based Investcorp has completed.
The deal, which was agreed towards the end of October last year, results in total cash proceeds to 3i of £270 million (€314 million; $330 million).
This includes £34 million from the repayment of loans provided to 3i Debt Management to fund two CLO warehouses, and an exceptional profit on disposal of £47 million.
