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3i posts 71% fall in sales but poised for growth

The UK private equity house has reported a large drop in realisations but expects growth after its acquisition of a debt manager

3i Group posted a 71% fall in realisations in the five months to the end of August, but said it was poised for growth with a 66% rise in investments and the acquisition of Mizuho Financial Group debt management business.

Proceeds from the realisation of assets and movements of unrealised value on investments held were just £129m, compared with £448m last year.

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