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3i sees high asset prices hindering new deals

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 in 732 million pound rights issue

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 NAV up

3i Infrastructure said net asset value edged up 3 percent in 2008 as the infrastructure sector performed relatively well during the financial crisis.

Pension Protection Fund appoints chief executive

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.

POSCO names new chief executive

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.

LME appoints independent director

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.

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