3i buys German venture capital firm

UK private equity firm 3i has bought German venture capital firm TH Technologieholding and is seeking similar expansion opportunities, reports The Wall Street Journal Europe.

3i said it will pay a total of £102.6m for full control of Technologieholding and control of its Strategic European Technologies Fund NV. It will pay half of that amount in cash and the other half in new 3i shares.

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