3iN shrugs off Brexit vol to bag strong support for £222.8m trade
Infrastructure investment business 3i Infrastructure (3iN), which is controlled by private equity firm 3i Group, managed to buck Brexit volatility and place 81m new shares into the market, to fund the pay down of a revolving credit facility linked to acquisition financing.
JP Morgan and RBC Capital Markets were bookrunners on the share placing.
The final placing price of 275p a share was a 7.6% discount to the last price prior to the trade; books were heavily subscribed.
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