3i looks to expand debt to India after Mizuho purchase
UK private equity leader 3i Group is seeking to expand its new debt offering to India, with a planned launch of an India-dedicated debt fund, following its purchase of $5.9 billion European debt specialist Mizuho Investment Management last month, according to reports.
The new fund would seek to operate as a non-bank financial company under Indian regulations, investing $15-25 million per deal, with up to five year tenors, targeting second- and third-tier Indian businesses....
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