3i, the global private equity house, has closed its third UK deal in three days, leading the management buy-out of Controlled Demolition Group, the Yorkshire-based demolitions specialist.

Despite reporting a net reduction of £1.1bn (€1.7bn) in the valuation of its portfolio for the six-month period to the end of September, the loss of 185 jobs and the closure of four offices in the UK, the Yorkshire deal shows 3i's resilience in the UK regional market.