3i Group’s investment in Icelandic-owned fruit juice maker Refresco marks the latest private equity deal to return to market this year, after failing last year.

Refresco was one of a string of buyouts that failed last year, after talks to sell the business to US buyout firm, Blackstone Group and UK private equity outfit, Lion Capital, for between €550m ($813m) and €600m ended in September. The Icelandic consortium that owns Refresco, that includes Stodir, Kaupthing Bank and Vifilfell Bottling Group, had hired NM Rothschild & Sons to run an auction in 2008.