RNS Number : 2022J
3i Group PLC
10 June 2014
 



 

 

3i Group plc

10 June 2014

 

 

Portfolio company site visit - 10 June 2014

 

 

3i Group plc ("3i") will be holding a site visit at Action, its largest investment, for a small number of shareholders and analysts. Presentation materials will be made available on 3i's website (www.3i.com).

 

 

About Action

Action is a non-food discount retailer with operations in The Netherlands, Belgium, France and Germany. As disclosed in 3i's annual results statement, at 31 March 2014 Action was 3i's largest investment, accounting for 14% of its investment portfolio. At that date, 3i's proprietary capital investment in Action was valued at £501 million (31 March 2013: £280 million), based on run-rate earnings before interest, tax, depreciation and amortisation ("EBITDA") of €147 million (run-rate EBITDA at 31 March 2013: €114 million) and a post-discount valuation multiple of 12.5x (31 March 2013: 9.3x). No material new information or update on current trading will be provided during the site visit. Action announced its annual results this morning. Details will be available on www.action.nl.

 

 

About 3i

3i is a leading international investment manager focused on mid-market Private Equity, Infrastructure and Debt Management across Europe, North America and Asia. For further information, please visit: www.3i.com. 3i will announce its trading update for the first quarter of the current financial year on 30 July 2014.

 

 

 

Ends

 

For further information, please contact:

Silvia Santoro
Investor Relations Director

Tel 020 7975 3258

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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