Private Equity

3i CEO: Job done on restructuring

Simon Borrows says the buyout firm has no plans to raise a new fund as he calls time on a three-year programme of jobs cuts, office closures and exits

3i CEO Simon Borrows
3i CEO Simon Borrows

3i Group's chief executive Simon Borrows has said that the firm's aggressive three-year restructuring programme is now complete and that there are no plans to raise a new buyout fund.

Borrows made the comments during a conference call on Thursday morning to announce the UK-listed firm's full-year results, saying that the firm was "at the end" of its restructuring and that "3i is now a demonstrably more resilient business both commercially and financially than when we started the restructuring".

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