3i divests stake in DIAB

02 Feb 2009

3i, an international leader in private equity, has agreed to divest its 48% stake in core materials manufacturer DIAB Group AB to private equity company Ratos, which currently holds a 48% interest in the company, and to DIAB’s management. The transaction will generate around SEK 400 million in proceeds for 3i.

Laholm, Sweden-based DIAB makes composite core materials for a wide range of applications in the marine, wind energy, transport and aerospace industries. Employing over 1200 staff, its facilities are spread across four continents. DIAB has grown significantly over the years and generated approximately SEK 1.35 billion in revenues in 2007.

3i Director Christer Nilsson commented on the transaction: “We have been invested in DIAB for many years and have successfully worked in partnership with management to substantially strengthen its business operations and develop DIAB into a global market leader.  We are pleased with our return on this investment and believe DIAB is on track to further success under the guidance of Ratos.”

3i is a successful investor in the general industrials sector. Recent divestments include Transports Alloin, ABX Logistics and Damcos. Current investments include AES Engineering, Scandlines and Norma Group.

The transaction remains subject to the approval of the anti-trust authorities.

Notes to editors

About DIAB
DIAB is one of the world’s largest manufacturers of structural core materials supplying a wide range of markets, including marine, wind energy, transportation, aerospace and industry. DIAB has manufacturing facilities on four continents and three research and development centres. In addition, it has 17 operating subsidiaries and strategically located distributors around the world so that it can offer close support to its global customer base.http://www.diabgroup.com

About 3i

3i is an international leader in private equity. We focus on Buyouts, Growth Capital, Infrastructure and Quoted Private Equity (“QPE”) and invest across Europe, the United States and Asia.  Our competitive advantage comes from our international network and the strength and breadth of our business relationships.  These underpin the value that we deliver to our portfolio and to our shareholders. http://www.3i.com

For further information please contact:

Jennifer Letki
email. Jennifer.Letki@3i.com 
tel.  020 7975 3190