Slaughter and May is advising 3i on its acquisition of further equity in Action

Slaughter and May advised 3i Group plc (“3i”) on its acquisition from GIC of a limited partnership interest representing 2.2% of equity in Action. Action is the fastest-growing non-food discounter in Europe and 3i’s largest portfolio company, its 57.9% stake as at 30 June 2025 having been valued at £19.27 billion.

As consideration for the acquisition, 3i issued 19,916,225 new ordinary shares of 73 19/22 pence (the “Consideration Shares”). Completion of the transaction took place simultaneously with the Consideration Shares being admitted to the Closed-ended Investment Fund category of the FCA’s Official List and to trading on the main market for listed securities of the LSE, which took place earlier today.