3i
3i Group plc is a London-listed (LSE: III, FTSE 100) international investment manager focused on mid-market private equity and infrastructure. Founded in 1945 as the Industrial and Commercial Finance Corporation (ICFC) and constituted as 3i Group plc in 1987, the firm invests principally from its own permanent-capital balance sheet rather than from time-limited third-party funds, taking long-term majority and significant-minority positions across the consumer, healthcare, industrial and business-services sectors in Europe and North America. Its largest holding is the discount retailer Action. 3i Investments plc acts as the group AIFM, authorised and regulated by the Financial Conduct Authority.
3i is a London buyout firm with €43.1B AUM, 35 active companies and 6 exits.
- ·3 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 6 realized deals: 5 years.
- ·Best return: 3.2x MOIC on MPM (2025).
Sector breakdown
41 companiesGeography breakdown
10 geographiesKey facts
Recent exits
3i sold MAIT to Deutsche Beteiligungs in 2025 after 4 years.
3i sold MPM to Partners Group in 2025 after 5 years.
3i sold WP to Silgan Holdings in 2024 after 9 years.
3i sold Trescal to AXA Private Equity (Ardian) in 2013 after 3 years.
Coverage notes
1 fund tracked, 41 portfolio companies (35 active · 6 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund 3i has raised, with its portfolio companies. Hand-checked from public filings.
3i Group plc (Evergreen balance sheet)Evergreen1987€34.8B35 assets6 exitsEvergreen1987 · 39yr€34.8B356
Unrealized
35 held| Company | Entry |
|---|---|
| Action Consumer · Netherlands | 2011 |
| AES Engineering Industrials · UK | 1996 |
| Audley Travel Hospitality · UK | 2015 |
| Basic-Fit Consumer · Netherlands | 2016 |
| BoConcept Consumer · Denmark | 2016 |
| Cirtec Medical MedTech · US | 2017 |
| Constellation IT Services · France | 2024 |
| Digital Barriers TMT · UK | 2022 |
| Dynatect Industrials · US | 2014 |
| Eltel Networks Telecom · Sweden | 2007 |
| Etanco Construction · France | 2011 |
| European Bakery Group Consumer · Netherlands | 2021 |
| Evernex IT Services · France | 2019 |
| flag-fr Software · France | 2022 |
| Formel D Business Services · Germany | 2017 |
| GartenHaus E-commerce · Germany | 2020 |
| GEKA Industrials · Germany | 2012 |
| Konges Slojd Consumer · Denmark | 2022 |
| Lekolar Education · Sweden | 2007 |
| Luqom E-commerce · Germany | 2017 |
| NCP Business Services · UK | 2005 |
| OMS Pruefservice Business Services · Germany | 2025 |
| Q Holding MedTech · US | 2014 |
| Regional Rail Logistics · US | 2019 |
| Royal Sanders Consumer · Netherlands | 2018 |
| SaniSure HealthTech · US | 2019 |
| Scandlines Logistics · Denmark | 2018 |
| SeLoger.com Consumer · France | 2005 |
| Smarte Carte Business Services · US | 2017 |
| Tato Industrials · UK | 1989 |
| ten23 health Pharma · Switzerland | 2021 |
| WaterWipes Consumer · Ireland | 2025 |
| WilsonHCG Business Services · US | 2021 |
| xSuite Software · Germany | 2022 |
| Yanga Consumer · Netherlands | 2022 |
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| CalaChem Industrials · Grangemouth, Scotland, United Kingdom | 2005 | 2010 | Secondary | AURELIUS AG | – |
| MAIT IT Services · Germany | 2021 | 2025 | Secondary | Deutsche Beteiligungs | 2.7x |
| MPM Consumer · UK | 2020 | 2025 | Secondary | Partners Group | 3.2x |
| Refresco FoodTech · Netherlands | 2003 | 2006 | Secondary | Stodir (FL Group) / Kaupthing Capital Partners / Vifilfell Bottling Group consortium | 3.0x |
| Trescal Business Services · France | 2010 | 2013 | Secondary | AXA Private Equity (Ardian) | 2.0x |
| WP Industrials · Netherlands | 2015 | 2024 | Trade Sale | Silgan Holdings | 2.2x |
About 3i
3i Group plc is a UK listed mid-market private equity and infrastructure investor with £34.5 billion of assets under management as of December 2024 (Private Equity £28.3 billion plus Infrastructure £6.2 billion per September 2024 reporting), headquartered in London and a FTSE 100 constituent (LSE: III). The firm traces its origins to 1945 as the Industrial and Commercial Finance Corporation established by HM Government and the Bank of England, before evolving into the modern 3i Group through privatisation in 1994 and listing on the London Stock Exchange. The platform operates a permanent capital model anchored by Action, the European discount retailer (57.9% stake, €13.8 billion 2024 net sales).
Investment thesis
3i Group deploys proprietary balance-sheet capital through a long-hold compounding model rather than traditional fund vintages, complemented by selective Eurofund vintages and the listed 3i Infrastructure plc vehicle for infrastructure deployment. Sector focus spans business and technology services, consumer, healthcare and industrial technology, with capital deployed across Northern Europe, Benelux, DACH and North America. The permanent capital model enables long-duration partnerships unconstrained by typical fund-life timing, with the Action investment compounding for over a decade and generating outsized returns that anchor the listed group's NAV growth.
Recent activity
Recent realised exits include WP (business services, 2024), MAIT Germany (industrial technology, 2025) and YDEON (industrial technology, 2025). Recent acquisitions include Comptest Group (commercial services, 2026) plus bolt-ons via Royal Sanders (Karium and Treaclemoon, consumer, 2024-2025) and Regional Rail (Cincinnati Eastern Railroad 2024, Minnesota Commercial Railway 2025). The platform continues active mid-market deployment alongside compounding Action exposure.
Frequently asked questions
- What investment strategy does 3i focus on?
- 3i focuses on Buyout, Growth strategies in the private equity space.
- How many portfolio companies does 3i have?
- 3i has 35 active portfolio companies and 6 completed exits and 1 fund tracked on GP Intel.
- Where is 3i headquartered?
- 3i is headquartered in London, United Kingdom.
- What is 3i's assets under management?
- 3i manages approximately €43.1B in assets under management.
- When was 3i founded?
- 3i was founded in 1945.
- What sectors does 3i invest in?
- 3i invests across Consumer, Healthcare, Industrials, Business Services.
- What are 3i's recent exits?
- Recent realized exits by 3i include: MAIT (2025) to Deutsche Beteiligungs, 2.7x; MPM (2025) to Partners Group, 3.2x; WP (2024) to Silgan Holdings, 2.2x; Trescal (2013) to AXA Private Equity (Ardian), 2.0x; CalaChem (2010) to AURELIUS AG; Refresco (2006) to Stodir (FL Group) / Kaupthing Capital Partners / Vifilfell Bottling Group consortium, 3.0x.
Similar firms
Other private equity firms tracked on GP Intel.