3i Divests Ambea To Triton

UK-based private equity firm 3i is to sell Ambea, a Scandinavian hospitals and nursing homes operator, to its German buy-out rival Triton in a deal worth EUR850mn (US$1.15bn). 3i had been running a dual-track sale process for Ambea, preparing the company for a public listing as well as an outright sale. Additionally BMI notes that 3i pulled the sale of Ambea two years ago, when the financial crisis resulted in bids below the EUR800mn (US$1.08bn) asking price.

To read the full article, please choose one of the following options: