3i inaugurates US infrastructure branch with majority stake in Smart Carte
UK-based private equity firm 3i has made its first investment in the US infrastructure sector, it said on Monday. It has acquired Minnesota’s Smarte Carte, an equipment vendor for the travel and leisure industry.
The enterprise value for the deal is $385m, 3i said in a statement, without disclosing the terms, or the funding. 3i has become majority shareholder in Smart Carte, with the company's management retaining a stake.3i launched its North American infrastructure investment platform in March, less than ...
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