Downgraded 3i explores deleveraging options
3i Group was downgraded by one notch to BBB+, outlook negative, by Standard & Poor’s today (Monday), on leverage concerns, its liquidity and financial flexibility. The private equity firm has been taking steps to reduce its leverage, however, today proposing to acquire the assets of 3i QPEP, through which it would make about £110m cash. Read on for details of the acquisition, which was announced this morning.
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