1-UK fund 3i emerges from restructuring with strong earnings

Strong earnings growth at portfolio companies helped 3i post a full-year return on investment of 719 million pounds ($1.1 billion) as the British private equity firm completed a three-year restructuring. The owner of Agent Provocateur and Benelux retailer Action said on Thursday its net asset value (NAV) rose 14 percent to 396 pence a share, despite a negative impact from currency fluctuations worth 114 million pounds, or 12 pence a share. The firm has embarked on a selling spree as it rebalance