3i wins 'Private Equity Exit of the Year'

Successful for the third year running at the annual Acquisitions Monthly awards, 3i has won Private Equity Exit of the Year for its management and sale of telecommunications company Azzurri. The judges stated that: "The winner is a model of a buy-and-build strategy. An entrepreneur’s proven acquisition skills were backed to build a national company. After successfully integrating 15 acquisitions, the private equity investor exited in 2006 with an IRR of 38% and 4.9X times money."