Private equity and venture capital firm 3i and Dutch real estate company TCN Property Projects have decided to abandon their partnership plans . After three months of investigating the possibilities, both sides have now decided not to work together. The cultures of the two parties differed too much, TCN said in a press release.
Private equity and venture capital firm 3i and Dutch real estate company TCN Property Projects have decided to abandon their partnership plans . After three months of investigating the possibilities, both sides have now decided not to work together. The cultures of the two parties differed too much, TCN said in a press release.
Both 3i and TCN declined to comment further on the break.
TCN has offices in the Netherlands, Belgium, the UK, Germany, Portugal and Spain. The management owns 80% of the company, with the rest held by Dutch investor NPM Capital. Adding a new investor was to be part of the strategy to grow the company further.
