3i focuses on cutting debt pile

Gross debt at 3i Group fell to £1.2bn in the last three months, while investments and realisations slowed compared with 2011

The pace of investment at UK listed 3i Group has slowed almost to a standstill as the group focuses on reducing its cost base and overall debt load, according to its interim management statement.

In the statement, relating to the three-month period from 1 April to 30 June 2012, the firm said that investments totalled £65m, compared with £161m during the same period in 2011.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump