REG - 3i Group PLC - Update on portfolio and Capital Markets Seminar

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RNS Number : 7165A  3i Group PLC  25 September 2025

25 September 2025

 

 

3i Group plc

Update on portfolio and Capital Markets Seminar

 

3i 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.

 

Portfolio performance

We have completed our September semi-annual portfolio company reviews for
Private Equity and Infrastructure. Both portfolios are performing resiliently
against a subdued macroeconomic environment.

 

Royal 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.

 

Action 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 June 2025 to mark Action's 3000th store
opening. Cash generation has continued to be strong, with cash balances at 21
September 2025 at €758 million. Action has now added 207 net new stores in
the year to date and remains on track to deliver or exceed 370 net new stores
in 2025. Since the beginning of the year, Action has opened seven stores in
Switzerland. Its first store in Romania, in the town of Pitești, was opened
yesterday.

 

Purchase of additional Action shares

On 24 September 2025, 3i entered into an agreement with GIC to purchase a
limited partnership interest representing 2.2% of Action equity in exchange
for the issue of 19,916,225 new ordinary shares of 73 19/22 pence in 3i Group
plc (the "Transaction"). 3i will apply for the listing and admission to
trading of the new ordinary shares and the Transaction is expected to complete
in the coming days, once those shares are admitted to the Closed-ended
Investment Fund category of the Financial Conduct Authority's Official List
and to trading on the main market for listed securities of the London Stock
Exchange. The Transaction shares are subject to a six-month lock-up period,
subject to customary terms.

 

 

To register for the webcast, please visit
https://www.3i.com/investor-relations/
(https://www.3i.com/investor-relations/)

 

 

- Ends -

 

For further information, contact:

 

 3i Group plc

 Silvia Santoro          Tel: +44 20 7975 3258

 Investor enquiries      Email: silvia.santoro@3i.com (mailto:silvia.santoro@3i.com)

 Kathryn van der Kroft   Tel: +44 20 7975 3021

 Media enquiries         Email: kathryn.vanderkroft@3i.com (mailto:kathryn.vanderkroft@3i.com)

 

 

Notes to editors:

 

About 3i Group

3i is a leading international investment manager focused on mid-market Private
Equity and Infrastructure. Our core investment markets are northern Europe and
North America.

 

For further information, please visit: www.3i.com (http://www.3i.com) .

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