Reuters - Bramson Raises Stake in 3i

Activist investor Edward Bramson has raised his stake in UK private equity company 3i to 4.9 percent, piling pressure on Chief Executive Simon Borrows just weeks before he marks his first year in charge of the troubled firm. Sherborne Investors, the investment vehicle run by the media-shy entrepreneur, now controls just over 47.5 million shares in 3i, acquired at a cost of around 127 million pounds ($197 million), Sherborne said in a statement on Friday. New Yorker Bramson is famous for forcing through management shake-ups at his target companies and raised 207 million pounds in November to buy shares in an unspecified listed company it considered undervalued.

DealsNorth AmericaUSBriefs