3i Group reports strong quarter

Private equity firm 3i Group said today investment in the three month period to end-June was £233m compared with £105m in the same period last year.

A £112m investment into Hilite, £17m into GO Outdoors and £13m into World Freight Company International, were among the new investments.

The Group had cash, cash deposits and undrawn committed facilities of £1.91bn.

Net debt decreased from its year end level of £522m to £471m.