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3i Group PLC (III.L)

III.L on London Stock Exchange

860.00GBp
14 Nov 2018
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Latest Key Developments (Source: Significant Developments)

3I Group Appoints Coline Mcconville As Non-Executive Director
Wednesday, 24 Oct 2018 04:14am EDT 

Oct 24 (Reuters) - 3i Group PLC ::APPOINTMENT OF COLINE MCCONVILLE AS A NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 1 NOVEMBER 2018..  Full Article

3i Group ‍posts NAV per share of 701 pence for nine months Dec. 2017​
Thursday, 1 Feb 2018 02:05am EST 

Feb 1 (Reuters) - 3i Group Plc ::‍NAV PER SHARE OF 701 PENCE AND TOTAL RETURN OF 19.4% FOR NINE MONTHS TO 31 DECEMBER 2017​.‍PRIVATE EQUITY CASH REALISATIONS OF £389 MILLION IN NINE MONTHS TO 31 DECEMBER 2017. IN ADDITION, ANNOUNCED C.EUR 307 MILLION DIVESTMENT OF ATESTEO IN DECEMBER 2017​.‍COMPLETED TWO ADD-ON INVESTMENTS IN CIRTEC MEDICAL AND PONROY SANTÉ, TAKING YEAR TO DATE PRIVATE EQUITY CASH INVESTMENT TO £585 MILLION​.‍STRONG PERFORMANCE FROM 3I INFRASTRUCTURE PLC ("3IN") AS ITS SHARE PRICE INCREASED BY 7% IN QUARTER FOLLOWING ANNOUNCEMENT OF ITS DIVESTMENTS OF ELENIA AND ANGLIAN WATER GROUP​.‍INVESTED £167 MILLION IN OUR FIRST US INFRASTRUCTURE INVESTMENT, SMARTE CARTE, IN NOVEMBER 2017 AND DISPOSED OF OUR RESIDUAL DEBT MANAGEMENT INVESTMENTS, GENERATING PROCEEDS OF £127 MILLION​.‍ACTION'S EXPANSION CONTINUED WITH OPENING OF 244 NEW STORES IN 2017, INCLUDING SIX PILOT STORES IN POLAND​.‍ACTION PERFORMED STRONGLY AGAIN IN 2017, WITH SALES UP BY 28% AND 244 NEW STORE OPENINGS IN YEAR​.‍ACTION WILL BE PUBLISHING ITS AUDITED RESULTS FOR 2017 IN MARCH​.‍RECOGNISED A £31 MILLION GAIN ON FOREIGN EXCHANGE IN QUARTER, AS EURO STRENGTHENED AGAINST STERLING​.  Full Article

Private equity fund 3i agrees to sell Germany's Atesteo to IHO Holding
Thursday, 21 Dec 2017 02:10am EST 

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 02:13am EST 

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

3i group Q1 performance update
Wednesday, 26 Jul 2017 02:06am EDT 

July 26 (Reuters) - 3i Group Plc :Nav per share of 628 pence and total return of 4.1 pct at 30 June 2017.A busy start to year with four new private equity investments and good portfolio.Successful close of two new infrastructure funds, 3i managed infrastructure acquisitions fund and 3i European operational projects fund.Generated total cash proceeds of 107 million pounds ($139.38 million)in quarter from full realisations of MKM and Dphone at uplifts of 3 percent and 30 percent respectively.Continued weakening of sterling against euro following UK general election in June 2017 contributed to a total foreign exchange gain in quarter of 68 million pounds.."This was another good quarter for 3i and our portfolio of international investments is performing well against an improving economic backdrop," said Simon Borrows, Chief Executive.  Full Article

3I Group says to sell Mémora to Ontario Teachers' Pension Plan
Monday, 17 Jul 2017 04:45am EDT 

July 17 (Reuters) - 3I Group Plc ::Announce sale of Mémora to Ontario Teachers' Pension Plan.Proceeds to 3I will be 117 mln stg.  Full Article

3I Infrastructure considering options for its holding in Anglian Water Group
Tuesday, 27 Jun 2017 05:42am EDT 

June 27 (Reuters) - 3i Infrastructure Plc <3IN.L>:Notes press speculation regarding a potential sale of its interest in Anglian Water Group.Confirms that it is considering options in relation to its holding in AWG which is held through 3i Osprey LP.These considerations are at an early stage.There can be no certainty that they will lead to a sale of all or any of company's interest in AWG.  Full Article

3I Group posts total full year return of 1.6 bln pounds
Thursday, 18 May 2017 02:06am EDT 

May 18 (Reuters) - 3i Group Plc :3i Group PLC announces full year results to March 31, 2017.Final dividend 18.5 pence per share.Total dividend 26.5 pence per share.Total return of 1,592 million pounds ($2.06 billion) or 36 percent and net asset value per share of 604 pence (31 march 2016: 463 pence).Disposals and refinancings in private equity generated 982 million pounds of proceeds.  Full Article

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

UPDATE 1-UK Stocks-Factors to watch on May 17

May 17 Britain's FTSE 100 index is seen opening down 4 points at 7,730 on Thursday, according to financial bookmaker, with futures down 0.23 percent ahead of the cash market open.