Activist Investor Builds Up Stake In British PE Outfit 3i

Law360, New York (January 29, 2013, 2:09 PM EST) -- An investment vehicle formed by activist investor Edward Bramson and its broker, Jefferies International Ltd., have been building up a stake in struggling British private equity firm 3i Group PLC over the course of January, 3i said Tuesday in a securities filing.

In an interest-acquisition scheme laid out by 3i, Bramson’s Sherborne Investors Management LP, based in New York, has gobbled up 3i stock to sell to Jefferies. Since Sherborne began scooping up 3i stock on Jan. 2, the interest it has passed to Jefferies has...
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