3i Group plc (“3i”) announces that 3i, and funds managed by 3i, have sold 4.8m shares in Eltel AB (“Eltel”), a leading European provider of technical services to the Infranet industry.   

As part of this transaction, 3i and funds managed by 3i sold their remaining 7.6% stake and generated proceeds of £36m. Proceeds to 3i were £20m. 

Eltel listed on the Stockholm Stock Exchange at SEK68 per share in February 2015.

-Ends-

For further information, contact:

3i
Toby Bates
Tel: +44 20 7975 3032
Email: toby.bates@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. Our core investment markets are northern Europe and North America. For further information, please visit www.3i.com.

Regulatory information 
This transaction involved a recommendation of 3i Investments plc, advised by 3i Sweden.