FRANKFURT, May 31 (Reuters) - British buyout group 3i has bought German car parts maker Schlemmer frominvestor Hannover Finanz in a deal valuing the company at morethan 400 million euros ($446 million), according to a sourcefamiliar with the transaction.
3i said in a statement its equity investment stood at 181million euros, declining to comment further.
A source close to the transaction said that including debtthe cable equipment maker was valued at more than 400 millioneuros.
Investment bank Baird advised Hannover Finanz andco-investor Mackprang on the sale.
Schlemmer posted sales of 263 million euros in 2015 andemploys more than 2500 staff.
($1 = 0.8970 euros) (Reporting by Arno Schuetze and Alexander Hübner; Editing byMark Potter)