3i Infrastructure completed the acquisition of Ionisos from Ardian for $245m.

3i Infrastructure, a European investment firm, completed the acquisition of Ionisos, a manufacturer of medical sterilization devices, from Ardian for $245m. "Ionisos is a defensive business that has grown organically and through bolt-on M&A. We look forward to working with the management team to continue its strong track record of providing market-leading services while growing its presence across Europe," Phil White, 3i Infrastructure Investment Manager.