A group of 81 current and former dealmakers at 3i have enjoyed a £735 million payday from the private equity business after it earned big gains on its longstanding investment in the discount retailer Action.
The windfall from the Netherlands-based Action was spread out over three payments of so-called carried interest by the FTSE 100 private equity company during the course of its last financial year.
One of those payments, of about £200 million, was disclosed by the London-based 3i a year ago but the £735 million total in the 12 months to the end of March was revealed for the first time in the private equity group’s annual results on Thursday.
It sheds light on the potentially lucrative gains on offer to workers in