Private equity firm 3i Group, which saw the value of its portfolio rise 15 percent last year, warned intense competition from rival buyout firms could stymie new deals as the private equity industry thaws.
3i Group, Britain's biggest listed private equity group, launched a 732 million pound underwritten rights issue, saying it would use the money to pay down debt and bolster its balance sheet.
3i Infrastructure said net asset value edged up 3 percent in 2008 as the infrastructure sector performed relatively well during the financial crisis.
Private equity group 3i said on Sunday it may issue new shares to raise capital.
3i Group Plc veteran Michael Queen will bring an investor's detail-hungry mindset to bear as he steers the private equity group through a turbulent period as its new chief executive.
3i Infrastructure Plc , one of the funds vying to buy Gatwick airport, said on Friday it was well-placed to make new investments, and had bought more junior debt since Oct 1.
The Pension Protection Fund on Thursday said it had appointed ex-Lehman Brothers managing director Alan Rubenstein as its new Chief Executive, replacing Partha Dasgupta, who stands down at the end of March.
South Korea's POSCO , the world's No.4 steelmaker, said on Thursday it had named its former chief operating officer to replace outgoing chief executive Lee Ku-taek.
HSBC's Indian mutual fund unit head of equities, Mihir Vora, has resigned, a top official said on Thursday.
The London Metal Exchange said that Nat le Roux has been appointed independent director of LME Holdings Ltd, its parent company, with effect from December 10 last year.
WASHINGTON (Reuters) -U.S. officials said Sunday that President Joe Biden is committed to raising the cap on refugee admissions this year, currently set at 15,000, but indicated it was unlikely he will go as high as the administration's initial goal of four times that much.