Private equity: 3i builds defence against Bramson

Click to follow
The Independent Online

The private equity firm 3i showed how it might fend off the corporate raider Ed Bramson if he decides to take a punt at the company, as is widely expected.

The company said it expects to beat cost-cutting targets this year and would focus on asset disposals over the coming months. Earlier this week, 3i revealed that Mr Bramson's Sherborne Investors had built up a sizeable stake in the company.