Business
Update on portfolio and Capital Markets Seminar
3i Group's portfolio is performing resiliently amidst a subdued macroeconomic environment. The sale of MAIT is expected to generate gross proceeds of approximately £143 million, representing a 30% increase over its March 31, 2025 valuation, a 2.7x multiple of invested capital, and a 27% IRR. Action's year-to-date sales reached €10.9 billion, an 18% increase compared to the same period last year, with like-for-like sales growth of 6.5%. Action's operating EBITDA for the 12 months to the end of P9 2025 is expected to be around €2,295 million, up 21% from €1,894 million in September 2024. Action's cash balances stood at €758 million on September 21, 2025. 3i has agreed to purchase a 2.2% stake in Action equity from GIC in exchange for 19,916,225 new ordinary shares. Disclaimer*
About this update from 3i Group Plc
[{"type":"text","content":"\n\n25 September 2025\n \n \n3i Group plc\nUpdate on portfolio and Capital Markets Seminar\n \n3i Group plc (\"3i\" or \"the Group\") will be holding a Capital Markets Seminar via webcast today, involving presentations on the realisations of MPM and MAIT and investments in WaterWipes and OMS. In addition, Simon Borrows, our Chief Executive, will provide an update on the portfolio more broadly, the key elements of which are outlined below. The seminar will start at 10:00 and the joining details are provided at the end of this press release. The presentation materials and a recording of the webcast will also be made available on our website.\n \nPortfolio performance\nWe have completed our September semi-annual portfolio company reviews for Private Equity and Infrastructure. Both portfolios are performing resiliently against a subdued macroeconomic environment.\n \nRoyal Sanders continues to perform well, and the broader Private Equity portfolio is showing improving momentum. Since the publication of our Q1 performance update at the end of July, we announced the sale of MAIT, one of our Private Equity portfolio companies, to a fund advised by Deutsche Beteiligungs AG. Total gross proceeds to 3i from this sale are estimated to be c.£143 million, which represents a c.30% uplift to the 31 March 2025 valuation of MAIT, and result in a 2.7x multiple of invested capital and c.27% IRR.\n \nAction continues to generate strong sales and EBITDA growth. Year-to-date sales (at 21 September 2025) of €10.9 billion are 18% ahead of the same period last year. Like-for-like sales growth (\"LFL\") over the same period was 6.5%. LFL stood at 6.8% at the end of August 2025, driven by transaction growth in all countries. Weaker overall consumer spending in France and Germany has been a feature of YTD performance, with recent general strikes and unrest in France causing the reduction in LFL to 6.5%. Performance has benefited from good seasonal sales and strong trading from new and recently opened stores. We expect operating EBITDA for the 12 months to the end of P9 2025 to be circa €2,295 million, compared to €1,894 million at the end of September 2024, an increase of 21%. This LTM P9 2025 operating EBITDA figure is after a one-off expense of €26 million, relating principally to a payment to eligible Action employees in Ju...