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United Kingdom

3i Group PLC (III.L)

III.L on London Stock Exchange

887.00GBp
13 Dec 2017
Change (% chg)

11.50 (+1.31%)
Prev Close
875.50
Open
872.00
Day's High
900.00
Day's Low
872.00
Volume
3,335,576
Avg. Vol
1,788,366
52-wk High
975.00
52-wk Low
669.50

Latest Key Developments (Source: Significant Developments)

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

UK's 3i sees total returns of 16.4 pct in Q1 results
Wednesday, 27 Jul 2016 

UK private equity firm 3i Group Plc : A solid start to year with good levels of investment and portfolio activity . Nav per share of 538 pence and total return of 16.4% at 30 june 2016 . Private equity generated cash proceeds of £438 million in quarter and will generate a further c.£143 million from sales of geka, polyconcept and ufo moviez in q2 . Supported 3i infrastructure plc's ("3in") successful capital raising, investing £131 million to maintain our 34% shareholding .Ex-Dividend nav per share of 522 pence with 16 pence final fy2016 dividend paid on 22 july 2016.  Full Article

UK's 3i says no plans to sell or IPO Dutch retailer Action
Thursday, 30 Jun 2016 

3i Group Plc : Since publication of 3i group plc's ("3i" or " group") financial results for year to 31 march 2016, 3i has received a number of approaches in respect of action, group's largest portfolio investment. . Board of 3i has decided to increase book value of its investment in action to £1,464 million 1 after liquidity discount as at 30 june 2016 (31 march 2016: £902 million) .3I is actively engaged in further development of action and is not intending to sell its investment or organise a flotation of action in near future..  Full Article

3I Group says invests 181 mln euro in Schlemmer
Tuesday, 31 May 2016 

3i Group Plc : To invest 181 mln euro in Schlemmer . Business is being purchased from German private equity firm Hannover Finanz and the Mackprang Holding . Schlemmer generated gross sales of 220.2 mln stg in 2015 Further company coverage: (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

Chemicals distribution group Azelis considers 2018 IPO: sources

MADRID/FRANKFURT Belgium-based chemicals distribution group Azelis is considering a 2018 stock market listing as its private equity owner seeks to benefit from high sector valuations, sources close to the matter said.