The British investor 3i has found new investors for a shareholding in discount chain Action. The picking of shares was in the hands of the Eurofund V fund, managed by 3i. That fund ended and a number of investors wanted to cash in on their return. Other investors wanted to continue.
The 33 percent stake is now placed in a new fund, also managed by 3i, which also includes new investors. The transaction depends on Action for a price tag of 10.2 billion euros. This has doubled the value of the chain in just two years.
3i reportedly owns 80 percent of the Action shares. Part of it is therefore housed in a private fund managed by 3i, but with money from external capital providers.