Private Equity Firm with 40% Stake in Foster & Partners Wants Out

Apparently, not all is the quiet joy of building automobile replicas in Norman Foster‘s life. The architect, who appeared earlier this year in the Times‘ annual “Rich List,” could soon see his firm, Foster & Partners, dealt a financial blow. The private equity group, 3i, is looking into exit strategies to unload its 40 percent stake in Foster’s practice. After buying into the firm three years ago, Foster has suffered through the financial troubles that have plagued the industry, with several high-profile projects suddenly

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