3i Looking to Raises $500M Brazil Fund
Private equity group 3i wants to launch a $500 million fund next year in Brazil, one new market still underpinning its turnaround plans as it retreats from Spain and Asia, Reuters reported Thursday. 3i has been on a drive to reboot its flagging performance since former banker Simon Borrows took over as chief executive earlier this year, and the group said it had already cut just over 100 jobs as it retrenches to its northern European roots.
15 November 2012•3 mins read
