3i Group Share News (III)

(Sharecast News) - Private equity company 3i Group on Thursday said third quarter net asset value rose 3.4%, driven by Action, 3i Infrastructure, Aspen Pumps and Audley Travel,and despite market volatility.NAV per share for the period was 802p, from 776p at the end of September.3i said it completed the refinancing of Aspen Pumps which, together with the distribution from Audley Travel, returned cash of £74m. The company also announced the sale of OneMed on Jaand and expected to realise proceeds of around £100m.Chief executive Simon Borrows said the company's balance sheet was well funded "but we remain cautious about the pricing of private investments in the current environment and have continued to focus on bolt-on acquisitions"."As we approach the close to our financial year we remain confident that our diversified portfolio is well positioned to deliver further good growth and withstand market turbulence in these uncertain political and economic times."