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3i Group PLC (III.L)

III.L on London Stock Exchange

1,110.00GBp
20 Sep 2019
Change (% chg)

-11.50 (-1.03%)
Prev Close
1,121.50
Open
1,111.00
Day's High
1,134.50
Day's Low
1,109.50
Volume
4,246,858
Avg. Vol
1,502,486
52-wk High
1,166.00
52-wk Low
754.60

Latest Key Developments (Source: Significant Developments)

3I Group posts 6% rise in NAV in Q1
Wednesday, 31 Jul 2019 

July 31 (Reuters) - 3i Group PLC ::Q1 PERFORMANCE UPDATE.INCREASE IN NAV PER SHARE TO 864 PENCE (31 MARCH 2019: 815 PENCE) .TOTAL RETURN OF 6.2% FOR THREE MONTHS TO 30 JUNE 2019.CEO - WE REMAIN CAUTIOUS ABOUT PRICING OF PRIVATE INVESTMENTS IN CURRENT ENVIRONMENT.CEO SAYS HAVE CONTINUED TO FOCUS ON PLATFORM AND BOLT-ON ACQUISITIONS.  Full Article

3I Group says FY total return of 1.25 bln stg
Thursday, 16 May 2019 

May 16 (Reuters) - 3i Group PLC ::SAYS TOTAL RETURN OF £1,252 MILLION OR 18% ON OPENING SHAREHOLDERS' FUNDS.SAYS OUR PRIVATE EQUITY BUSINESS CONTINUES TO PERFORM WELL, WITH UNDERLYING EARNINGS GROWTH UNDERPINNING A GROSS INVESTMENT RETURN OF £1,148 MILLION OR 20%..SAYS THIS WAS DRIVEN BY ASSETS INCLUDING ACTION, CIRTEC MEDICAL, AUDLEY TRAVEL, ASPEN PUMPS AND FORMEL D.SAYS TOTAL DIVIDEND OF 35 PENCE PER SHARE FOR FY2019, WITH A DIVIDEND OF 20 PENCE PER SHARE TO BE PAID IN JULY 2019 SUBJECT TO SHAREHOLDER APPROVAL.SAYS FY2020 APPEARS TO BE STARTING IN A SIMILAR WAY TO FY2019, WITH SIGNIFICANT POLITICAL AND MARKET UNCERTAINTY AND A GROWING TIDE OF FUNDS LOOKING TO INVEST IN OUR MARKETS.SAYS WE REMAIN CAUTIOUS IN THIS ENVIRONMENT, WHICH WILL LEAD US TO BE CAREFUL ABOUT PRICING OF NEW INVESTMENTS AND TO DEPLOY FURTHER CAPITAL IN COMPANIES WE ALREADY KNOW WELL.SAYS GROUP'S PORTFOLIO OF INVESTMENTS IS POSITIONED WELL AND HAS GOOD MOMENTUM FOR FURTHER GROWTH.  Full Article

Ambea Q1 EBIT Decreased To SEK 62 Million
Wednesday, 8 May 2019 

May 8 (Reuters) - Ambea Ab (Publ) ::AMBEA'S INTERIM REPORT JANUARY-MARCH 2019.Q1 NET SALES ROSE 72 PER CENT TO SEK 2,516 MILLION (1,467).Q1 OPERATING PROFIT (EBIT) DECREASED TO SEK 62 MILLION (86).Q1 ADJUSTED EBITA, EXCLUDING ITEMS AFFECTING COMPARABILITY INCREASED 35 PER CENT TO SEK 147 MILLION (109).  Full Article

3i Group To Invest $179 Mln In Magnitude Software
Tuesday, 19 Mar 2019 

March 19 (Reuters) - 3i Group PLC ::3I GROUP PLC - WILL INVEST C.$179M IN MAGNITUDE SOFTWARE INC, PROVIDER OF UNIFIED APPLICATION DATA MANAGEMENT SOLUTIONS.3I GROUP PLC - 3I IS INVESTING ALONGSIDE CHRIS NEY, CHAIRMAN AND CEO OF MAGNITUDE, AND OTHER SENIOR EXECUTIVES.3I GROUP PLC - ENTERPRISE VALUE OF TRANSACTION IS $340M.3I - INVESTING ALONGSIDE CHRIS NEY, CHAIRMAN AND CEO OF MAGNITUDE, SENIOR EXECUTIVES, WHO WILL MAINTAIN SIGNIFICANT MINORITY STAKE IN MAGNITUDE.  Full Article

Ambea Q4 EBIT Falls To SEK 64 Million
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Ambea Ab (Publ) ::Q4 NET SALES SEK 1.55 BILLION VERSUS SEK 1.46 BILLION.Q4 EBIT SEK 64 MILLION VERSUS SEK 70 MILLION YEAR AGO.PROPOSES A DIVIDEND INCREASE FOR 2018 TO SEK 1.10 (1.00) PER SHARE.  Full Article

3I Group Appoints Coline Mcconville As Non-Executive Director
Wednesday, 24 Oct 2018 

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 

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 

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 

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

EU mergers and takeovers (April 24)

BRUSSELS, April 24 The following are mergers under review by the European Commission and a brief guide to the EU merger process: