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3iAnnouncement

06/09/2014 02:07

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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 E147 million (run-rate EBITDA at 31 March 2013: E114 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                Tel 020 7975 3258  
 Investor Relations Director                      
 
 
This information is provided by RNS
The company news service from the London Stock Exchange