UK-listed 3i Group’s restructuring is proceeding ahead of schedule with the firm now targeting greater efficiencies, alongside a potential return to buyout investment.

In its annual results for the year ending March 31, 2013, the buyout firm said it had reduced gross debt to £917m as of April 2013, a 44% reduction on the £1.6bn a year earlier and ahead of its target to cut the figure to below £1bn by June.