3i heads back to the US

Friday 14 May 1999 00:02 BST

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3i heads back to the US

THE PRIVATE equity firm 3i is planning to re-enter the US market this summer, opening new offices in Boston and Silicon Valley which will focus on technology stock. 3i, which has been listed in the FTSE 100 index since its 1994 flotation, withdrew from the US in 1991 to focus on expanding its European investment network. Martin Gagen, 3i's director responsible for the US return, said the new business would focus on opportunities in the IT and telecom sectors.

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