3i has made an annualised return of more than 30% on the sale of ECM, a French industrial furnace maker, to Astorg, the French mid-market buy-out house, for around €50m ($60m).

The deal will result in 3i's investors getting back almost 2.5 times their original investment in ECM. The UK-listed European private equity firm bought the French group in November 2000
when it backed the son of the company's founder.

3i investors make 2.5 times their money on French sale

William Hutchings

BNP Paribas

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