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REVEALED: 3i said to weigh £250 million sale of Aspen Pumps - sources

3i is considering a sale of Aspen Pumps, a UK-based company that designs, manufactures and distributes specialised mini pumps that remove condensate water from air conditioning and refrigeration systems.

Sources close to the situation said 3i, the FTSE 100-listed private equity investor, has appointed bankers from Baird to find a buyer for Aspen Pumps and the company may be worth between £250 million and £300 million as it generates earnings of around £25 million...