Investor Lifts 3i Stake As Pressure For Change Mounts

Law360, New York (May 3, 2013, 12:29 PM EDT) -- Activist investor Edward Bramson on Friday again raised his stake in 3i Group PLC, ratcheting up pressure on the flagging private equity firm that has already felt blowback from weary investors over tepid returns from its buyout business.

Bramson's New York-based Sherborne Investors Management LP lifted his 3i interest to 4.9 percent, worth roughly $197 million. The firm began building up its holdings in January, when Bramson acquired 1.6 percent of 3i’s stock alongside broker Jefferies International Ltd., then bore down on the firm in March...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.