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United Kingdom

3i Group PLC (III.L)

III.L on London Stock Exchange

922.20GBp
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

3I Group NAV per share of 760 pence for three months to June 2018
Wednesday, 25 Jul 2018 

July 25 (Reuters) - 3i Group PLC ::FY2019 Q1 PERFORMANCE UPDATE.NAV PER SHARE OF 760 PENCE AND TOTAL RETURN OF 5.1% FOR THREE MONTHS TO 30 JUNE 2018.CASH REALISATIONS OF £337 MILLION IN QUARTER, NET OF £535 MILLION REINVESTMENT IN SCANDLINES.COMPLETED TWO NEW PRIVATE EQUITY INVESTMENTS IN ROYAL SANDERS AND INTERNATIONAL CRUISE AND EXCURSIONS ("ICE") TOTALLING £245 MILLION.ADVISED 3I INFRASTRUCTURE PLC ("3IN") ON ITS INVESTMENT IN ATTERO AND A FURTHER INVESTMENT FOR INFINIS, ALKANE ENERGY.GENERATED TOTAL CASH PROCEEDS IN QUARTER OF £868 MILLION, PRINCIPALLY FROM £835 MILLION RECEIVED FROM SALE OF SCANDLINES IN JUNE 2018, BEFORE TAKING ACCOUNT OF GROUP'S £535 MILLION REINVESTMENT.RECOGNISED A £99 MILLION GAIN ON FOREIGN EXCHANGE IN QUARTER, AS BOTH US DOLLAR AND EURO STRENGTHENED AGAINST STERLING.  Full Article

3i Announces Sale Of Etanco For Proceeds Of About EUR 102 Mln
Wednesday, 27 Jun 2018 

June 27 (Reuters) - 3i Group PLC ::3i ANNOUNCES SALE OF ETANCO GENERATING PROCEEDS OF C. €102M.TO SELL INVESTMENT IN ETANCO TO ITS CEO RONAN LEBRAUT AND MANAGEMENT TEAM SUPPORTED BY INTERMEDIATE CAPITAL GROUP.  Full Article

3I Group posts 24 pct FY return on opening investor funds
Thursday, 17 May 2018 

May 17 (Reuters) - 3i Group PLC ::TOTAL RETURN OF £1,425 MILLION OR 24% ON OPENING SHAREHOLDERS' FUNDS AND NAV PER SHARE OF 724 PENCE (31 MARCH 2017: 604 PENCE).PRIVATE EQUITY TEAM GENERATED EXCELLENT REALISATIONS OF £1,002 MILLION, ANNOUNCED A FURTHER C.£350 MILLION OF PROCEEDS TO COMPLETE BY SUMMER OF 2018 AND INVESTED A TOTAL OF £587 MILLION IN FOUR NEW PORTFOLIO COMPANIES, AS WELL AS TWO IMPORTANT FURTHER INVESTMENTS.TOTAL DIVIDEND OF 30 PENCE PER SHARE FOR FY2018, WITH 22 PENCE TO BE PAID IN JULY SUBJECT TO SHAREHOLDER APPROVAL.CLOSED TWO EUROPEAN INFRASTRUCTURE FUND PLATFORMS, RAISING ASSETS OF MORE THAN £1 BILLION, AND INVESTED £177 MILLION IN OUR FIRST US INFRASTRUCTURE INVESTMENT, SMARTE CARTE.WE ENTER FY2019 WITH GOOD MOMENTUM ACROSS GROUP. OUR FUND MANAGEMENT INITIATIVES IN INFRASTRUCTURE, TOGETHER WITH OUR REINVESTMENT INTO SCANDLINES, WILL GENERATE IMPORTANT CASH INCOME WHILE OUR PRIVATE EQUITY PORTFOLIO REMAINS WELL POSITIONED TO GENERATE TOP-TIER CAPITAL RETURNS..  Full Article

Ambea Q1 Operating Profit Increased To Sek 86 Million
Thursday, 17 May 2018 

May 17 (Reuters) - Ambea Ab (Publ) ::Q1 OPERATING PROFIT (EBIT) INCREASED TO SEK 86 MILLION (73).Q1 ADJUSTED EBITDA SEK 109 MILLION VERSUS SEK 110 MILLION.Q1 NET SALES SEK 1.47 BILLION VERSUS SEK 1.42 BILLION YEAR AGO.  Full Article

3I Announces Net Proceeds Of 347 MLn EuroFrom Scandlines Transaction
Monday, 26 Mar 2018 

March 26 (Reuters) - 3I Group Plc ::3I ANNOUNCES NET PROCEEDS OF €347M FROM SCANDLINES TRANSACTION.3I GROUP PLC - CO AND FUNDS MANAGED BY IT HAVE SOLD INVESTMENT IN SCANDLINES FOR A TOTAL EQUITY VALUE OF €1.7BLN.3I GROUP - HAS AGREED TO REINVEST INTO SCANDLINES AT SAME TRANSACTION VALUE TO BECOME 35% SHAREHOLDER ALONGSIDE FIRST STATE & HERMES INVESTMENT.3I GROUP - NET CASH PROCEEDS TO 3I FOLLOWING THE REINVESTMENT WILL BE €347 MILLION, AND ARE EXPECTED TO BE RECEIVED IN THE FIRST QUARTER OF FY 2019.3I GROUP PLC - SOLD INVESTMENT IN SCANDLINES IN A TRANSACTION WITH FUNDS MANAGED BY FIRST STATE INVESTMENTS AND HERMES INVESTMENT MANAGEMENT.  Full Article

Private equity fund 3i agrees to sell Germany's Atesteo to IHO Holding
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - 3I Group Plc ::3I GROUP PLC ANNOUNCES THE SALE OF ATESTEO, AN INTERNATIONAL DRIVETRAIN TESTING SPECIALIST, TO IHO HOLDING, THE HOLDING COMPANY OF THE SCHAEFFLER FAMILY.PROCEEDS TO 3I ARE ESTIMATED TO BE 307 MILLION EUROS SUBJECT TO CLOSING ADJUSTMENTS, REPRESENTING A EURO MONEY MULTIPLE OF 4.4X.GERMANY'S ATESTEO IS THE WORLD LEADER IN INDEPENDENT DRIVETRAIN TESTING.IT HAS ABOUT 800 EMPLOYEES AND 135 TESTING BENCHES IN GERMANY, JAPAN, CHINA AND NORTH AMERICA.IN 2013, 3i INVESTED IN ATESTEO IN AN ALL EQUITY DEAL.  Full Article

3i group H1 net asset value per share rises to 652 pence
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - 3i Group Plc :H1 ‍CONTINUED PROGRESSION IN NAV PER SHARE TO 652 PENCE (31 MARCH 2017: 604 PENCE)​.‍COMPLETED FOUR NEW PRIVATE EQUITY INVESTMENTS TOTALLING £514 MILLION IN HANS ANDERS, FORMEL D, LAMPENWELT AND CIRTEC MEDICAL IN H1​.INTERIM DIVIDEND OF 8.0 PENCE IN LINE WITH OUR DIVIDEND POLICY​.‍NET DEBT OF £48 MILLION AT 30 SEPTEMBER 2017​.‍TOTAL RETURN IN FIRST HALF WAS £655 MILLION (SEPTEMBER 2016: £1,006 MILLION), OR 11% ON OPENING SHAREHOLDERS' FUNDS​.‍PRIVATE EQUITY PORTFOLIO DELIVERED GOOD EARNINGS GROWTH AND A GROSS INVESTMENT RETURN OF £715 MILLION (SEPTEMBER 2016: £989 MILLION)​.‍3I'S PRIVATE EQUITY PORTFOLIO HAS BEEN TRANSFORMED IN RECENT YEARS AND ITS INTERNATIONAL INVESTMENTS, PARTICULARLY IN NORTHERN EUROPE AND NORTH AMERICA, NOW ACCOUNT FOR C.90% OF TOTAL BY VALUE​.‍COMPOUNDING BENEFIT OF PORTFOLIO COMPANY ACTION'S STRONG GROWTH MEANS THAT WE ARE NOW VALUING OUR HOLDING AT OVER £2.0 BILLION (31 MARCH 2017: £1.7 BILLION)​.‍NET DEBT ACROSS PORTFOLIO INCREASED TO 3.5X EBITDA (31 MARCH 2017: 3.3X) PRINCIPALLY DUE TO REFINANCING OF SCANDLINES IN JULY 2017​.  Full Article

BRIEF-3I Group to propose KPMG as external auditor for financial year ending 31 March 2021

* 3I GROUP PLC TO PROPOSE APPOINTMENT OF KPMG LLP AS ITS EXTERNAL AUDITOR FOR FINANCIAL YEAR ENDING 31 MARCH 2021