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3i Group PLC (III.L)

III.L on London Stock Exchange

710.00GBp
24 Mar 2017
Change (% chg)

-8.50 (-1.18%)
Prev Close
718.50
Open
719.00
Day's High
722.50
Day's Low
707.50
Volume
1,732,125
Avg. Vol
2,140,727
52-wk High
739.00
52-wk Low
442.00

Latest Key Developments (Source: Significant Developments)

3i Group, LDC sell stakes in MKM Building Supplies to Bain Capital
Friday, 3 Mar 2017 04:12am EST 

3i Group Plc : 3i and LDC sell stakes in MKM Building Supplies to Bain Capital . Management will retain a significant shareholding in the business . Proceeds to 3i from today's transaction will be c.70 mln stg, and including 11 mln stg received by 3i since 2006, represent a 5.9x money multiple . 3i's proceeds represent a 17 pct uplift over book value at Dec. 31, 2016 and 31 pct as at March 31, 2016 . Rothschild acted as lead adviser to the selling shareholders and Addleshaw Goddard, as legal adviser . The transaction is subject to customary regulatory approvals . Subject to these approvals, the deal is expected to complete by May 2017 Further company coverage: [III.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

3I Goup posts NAV per share 558 pence, total return 24.1 pct at end-2016
Thursday, 26 Jan 2017 02:05am EST 

3i Group Plc : Q3 performance update . Nav per share of 558 pence and total return of 24.1% at 31 december 2016 . Cash realisations of £917 million in nine months to 31 december 2016 from our private equity business . Year to date private equity cash investment to £356 million . Infrastructure announced launch of a new £700 million fund, managed by 3i, to acquire a portfolio of european infrastructure assets .3I is set for a strong close to current financial year.  Full Article

UK's 3i sees total returns of 16.4 pct in Q1 results
Wednesday, 27 Jul 2016 02:00am EDT 

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 02:00am EDT 

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 03:52am EDT 

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

3i Group PLC declares dividend; announces board change
Thursday, 14 May 2015 02:01am EDT 

3i Group PLC:Says it will pay the final dividend of 14.0p (2014: 13.3p) in July 2015.Says that Chairman will stepping down after the AGM in June 2015.The board has announced that Simon Thompson will succeed me as Chairman.  Full Article

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BRIEF-Bahrain's Investcorp completes acquisition of debt management business of 3i ("3iDM")

* Completes acquisition and integration of debt management business of 3i; adds $11 billion of assets under management