UK-listed private equity house 3i Group has signalled it will remain focused on exits over new deals in the coming months as it warned today of "increasing political uncertainty and stagnating growth in Europe".

Chief executive Simon Borrows said in a statement about the firm's half-year results that 3i was "mindful of the risks of overpaying for new investments in this environment" and that 3i "will continue to manage our portfolio energetically, capitalise on realisation opportunities and be selective in making new investments".