3i re-hires Merrill as corporate broker

The poaching of Lehman Brothers' European client list has begun with the decision by 3i, the UK-listed private equity group, to re-hire Merrill Lynch as its corporate broker.

Lehman Brothers, which went into administration last month before its break-up sale to Barclays and Nomura, replaced Merrill as corporate broker to 3i following a beauty parade last year.

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