Summary:

Not that this was a surprise to anyone watching the firm: 3i, the UK VC and buyouts house, is moving away from investing in early-stage comp…

Not that this was a surprise to anyone watching the firm: 3i, the UK VC and buyouts house, is moving away from investing in early-stage companies as part of a reorg, and will merge its VC unit with its growth capital unit, reports PEHub. It will now be concentrating its efforts on later stage technology, media and telecommunications (TMT, a very European term), and healthcare. 3i’s recent move into later-stage deals is reflective of a wider trend that has been taking place over the past three to four years, the story says.

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