3i on the lookout for debt investment groups

Earlier this year, 3i bought £3.7bn of credit funds from Japanese bank Mizuho. CEO Michael Queen believes the debt management industry will undergo consolidation across Europe, and stated that it would be part of 3i's strategy going forward.

The £2.1bn of cash and liquid assets available to the firm could also be used to acquire local private equity groups in countries where 3i is not already present.

The firm recently disclosed its interim results and announced a pre-tax profit of £54m, recovering from a loss of £57m in the same period last year.

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