3i ramps up debt operations with £18m Mizuho purchase

first_img whatsapp 3i ramps up debt operations with £18m Mizuho purchase Tags: NULL Show Comments ▼ PRIVATE equity group 3i yesterday moved to expand its reach into the debt management space, snapping up debt specialist Mizuho Investment Management (MIM) for £18.3m.MIM will merge with 3i’s existing small-scale debt activities to create a third substantial string to the firm’s bow, alongside its private equity and infrastructure arms.The new business – 3i Debt Management – will have assets under management of around £4bn, almost £3.7bn of which come from MIM. MIM’s management and 3i’s existing debt management employees are to sink their own capital into the new business to acquire a 45 per cent stake, while 3i will retain a 55 per cent controlling interest.MIM’s current chief executive Jeremy Ghose will move over to 3i with his 28-strong team as chief executive of the debt management arm.The move by 3i comes just over a week after chief executive Michael Queen initiated a revamp of the group’s private equity operations, merging the buyout team with its growth capital arm. 3i lost one of its top dealmakers, head of buyouts Jonathan Russell, as a result of the shake-up. KCS-content whatsapp Monday 27 September 2010 8:09 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Sharelast_img

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