3i Group, the UK listed private equity firm, has found itself in the sights of an activist investor for the second time in as many years.

Last year, activist investor Laxey Partners took a stake in 3i Group and put forward a list of demands at the group's annual general meeting in June - including a halt to new investments and a return of capital to shareholders. The firm subsequently withdrew its demands and sold its stake following the replacement of Michael Queen as chief executive with Simon Borrows in May.