3i-backed Beijing Digital Telecom Co., Ltd in Hong Kong IPO

3i Group plc notes today’s successful IPO on the Hong Kong Stock Exchange of Beijing Digital Telecom Co., Ltd, China's largest mobile telecommunications chain store in terms of sales volume in 2013. The approximate implied valuation of the company based on the offer price per share is HK$3.5bn.

Beijing Digital Telecom Co., Ltd offered a total of 166,667,000 shares under the Global Offering, raising total net proceeds of approximately HK$796.6 million before the exercise of the greenshoe. 3i did not sell any shares as part of the IPO. Following the IPO, 3i will hold an approx. 13% stake in Beijing Digital Telecom Co., Ltd.  

3i, and funds managed by 3i, invested approx. RMB 107m in Beijing Digital Telecom Co., Ltd in June 2007. 

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For further information, contact:

3i Group plc
Kathryn van der Kroft
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com

Notes to editors:

About 3i Group
3i is a leading international investment manager focused on mid-market Private Equity, Infrastructure and Debt Management across Europe, North America and Asia. For further information, please visit: www.3i.com

Regulatory information
This transaction involved an investment recommendation of 3i Investments plc, advised by 3i Singapore.