Report: Coller & HarbourVest Bid for 3i’s VC Assets

LONDON (Reuters) – Private equity firms Coller Capital and HabourVest Partners are considering bids for the 400 million pound ($594 million) venture capital fund of rival 3i Group (III.L), the Independent on Sunday reported.

The newspaper, without citing sources, said 3i was working with advisor Campbell Lutyens and was prepared to sell the venture capital fund in two tranches if it was unable to find a buyer for the whole.

None of the companies could immediately be reached for comment. (Reporting by Mark Potter; Editing by David Cowell)