No need to panic as 3i warms to debt again

The UK buyout firm has taken on more debt in the last five months after a period of deleveraging, but this should not be seen as a return to its days of heavy borrowing

UK buyout firm 3i Group has taken on more debt in the last five months after a period of deleveraging, but this should not be seen as a return to the heavy borrowing which triggered difficulties at the group in the financial crisis.

3i said in a pre-close statement (for the five months to the end of August) today that it had continued to increase its net debt this year - this has risen to £450m at the end of August, from £258m in its results in March.

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