3i completes the sale of its investment in Polyconcept
3i Group plc (“3i”) announces that it has completed the sale of its minority investment in Polyconcept.
Polyconcept has been acquired by Charlesbank Capital Partners from Investcorp and other investors, including 3i. Proceeds to 3i will be c. £45m.
Polyconcept is the global leader in the promotional products industry. The business has 35 offices across four continents and sells to over 100 countries. Its main operations are in North America, the Netherlands, Poland and China and it currently employs approximately 3,000 staff. Polyconcept supplies a large range of distributors, both traditional and on-line with the widest possible selection of promotional products from stock. Polyconcept is involved in the entire service chain, from conception and design through to final delivery and a high proportion of the products supplied are decorated using state-of-the-art digital image handling and decoration techniques in factories based in North America and Poland.
For further information, contact:
3i Group plc
Tel: +44 20 7975 3021
Tel: +44 20 7975 3027
Notes to editors:
About 3i Group
3i is an investment company with three complementary businesses, Private Equity, Infrastructure and Debt Management, specialising in core investment markets in Northern Europe and North America. For further information, please visit: www.3i.com
This transaction involved a recommendation of 3i Investments plc.