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When it comes to the FTSE 100, most investors gravitate towards familiar names like Shell, HSBC or Unilever. But among the lesser-covered stocks, one company stands out: 3i Group (LSE: III), the private equity giant that’s become one of the most profitable stocks on the index.
Revenue’s up 53% in the past year and its diluted earnings growth is up to 31% year on year. Even more eye-catching, its share price has climbed an astonishing 380% over the past five years. It’s no surprise many are wondering how this FTSE 100 company is delivering such remarkable financial results, and what’s driving the growth.
Where does the money come from?
Rather than sell products or services, 3i makes its money by investing in businesses around the world. With the addition of some infrastructure assets, it focuses heavily on private equity, most notably the European discount retailer…
