Slaughter and May is advising 3i Group plc - 3i Infrastructure plc’s proposed capital raising

Slaughter and May is advising 3i Group plc in relation to 3i Infrastructure plc’s proposed capital raising of up to £480 million. The capital raising, which was announced on 12 May 2016, consists of an open offer, placing and intermediaries offer of up to 213,558,265 new ordinary shares and a potential additional issue of up to 79,321,641 new ordinary shares at £1.65 per new ordinary share. 3i Group plc’s wholly-owned subsidiary 3i Investments plc acts as investment adviser to 3i Infrastructure plc.

3i Group plc and its subsidiary, which together own 33.96% of 3i Infrastructure plc’s issued share capital, have undertaken to subscribe for their pro rata proportion of the new ordinary shares to be issued under the open offer and such percentage of the additional issue (if any) as will maintain their existing aggregate percentage interest in 3i Infrastructure plc’s issued share capital, as enlarged by the capital raising.

The proceeds of the capital raising are to be used to fund the completion of 3i Infrastructure plc’s investments in Wireless Infrastructure Group and TCR, totalling approximately £230 million, and to make further investments in line with the company’s investment policy.