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'''3i Group plc''' ({{lse|III}}) is a [[Multinational corporation|multinational]] [[private equity]] and [[venture capital]] company headquartered in [[London]], [[United Kingdom]]. It has offices in 13 countries across Asia, Europe and the Americas and had total [[assets under management]] of £12.7 billion as at 31 March 2011.<ref>{{Cite web|url=http://www.3i.com/about3i/key-facts.html|title=Key Facts|accessdate=03 August 2011|publisher=3i Group plc }}</ref><ref name=hy2010>{{Cite web|url=http://www.3igroup.com/pdf/HY_full_release_2010.pdf|title=Half-year results for the six months to 30&nbsp;September 2010|accessdate=4 February 2011|publisher=3i Group plc}}</ref> It is organised into three investment divisions: Private Equity, Infrastructure and Debt Management.<ref name=hy2010/>
'''3i Group plc''' ({{lse|III}}) is an international investor headquartered in [[London]], [[United Kingdom]]. It has offices in 13 countries across Asia, Europe and the Americas and had total [[assets under management]] of £13 billion as at 30 September 2011.<ref>{{Cite web|url=http://www.3i.com/about3i/key-facts.html|title=Key Facts|accessdate=03 August 2011|publisher=3i Group plc }}</ref><ref name=hy2010>{{Cite web|url=http://www.3igroup.com/pdf/HY_full_release_2010.pdf|title=Half-year results for the six months to 30&nbsp;September 2010|accessdate=4 February 2011|publisher=3i Group plc}}</ref> It is organised into three investment divisions: Private Equity, Infrastructure and Debt Management.<ref name=hy2010/>


3i Group is listed on the [[London Stock Exchange]]. It ceased to be a constituent of the [[FTSE 100 Index]] on 19 September 2011 and became a member of the [[FTSE 250 Index]] instead.<ref name="test">[http://www.penews.com/today/index/content/4069185574 FTSE demotion puts 3i under pressure]</ref>
3i Group is listed on the [[London Stock Exchange]]. It ceased to be a constituent of the [[FTSE 100 Index]] on 19 September 2011 and became a member of the [[FTSE 250 Index]] instead.<ref name="test">[http://www.penews.com/today/index/content/4069185574 FTSE demotion puts 3i under pressure]</ref>
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Current investments include:
Current investments include:
* [[Action]]: in June 2011 3i bought a majority stake in this discount retailer.<ref>http://www.3i.com/media/press-releases/action-accelerates-international-growth-with-3i.html,</ref>
* [[GO Outdoors]]: in April 2011, took a minority stake in the outdoor retailer.<ref>http://www.3i.com/media/press-releases/3i-acquires-a-minority-share-in-go-outdoors.html</ref>
* [[Agent Provocateur (lingerie)|Agent Provocateur]]: in November 2007 3i acquired the [[lingerie]] business.<ref>[http://www.manchestereveningnews.co.uk/news/business/s/1024686_3i_buys_agent_provocateur 3i buys Agent Provocateur]</ref>
* [[Agent Provocateur (lingerie)|Agent Provocateur]]: in November 2007 3i acquired the [[lingerie]] business.<ref>[http://www.manchestereveningnews.co.uk/news/business/s/1024686_3i_buys_agent_provocateur 3i buys Agent Provocateur]</ref>
* [[Bestinvest]]: in July 2007 3i acquired the independent financial advisory and wealth management business.<ref>[http://www.ifaonline.co.uk/ifaonline/news/1341417/bestinvest-spiers-sells-private-equity Spiers sells Bestinvest to private equity firm]</ref>
*[[Fairline Boats]]: in June 2005 3i acquired a stake in the [[yacht]] builder.<ref>[http://www.ibinews.com/ibinews/newsdesk/20050501121746ibinews.html 3i and management buys Fairline Boats Plc] IBI Magazine, 1 June 2005</ref>
*[[Foster and Partners]]: 3i acquired a minority (growth capital) stake in the architecture practice in May 2007.<ref>[http://www.3i.com/media/press-releases/foster-+-partners-announces-plans-for-its-future.html Foster & Partners announces plans for its future]</ref>
*[[Foster and Partners]]: 3i acquired a minority (growth capital) stake in the architecture practice in May 2007.<ref>[http://www.3i.com/media/press-releases/foster-+-partners-announces-plans-for-its-future.html Foster & Partners announces plans for its future]</ref>
* [[National Car Parks|NCP]]: this investment was acquired in July 2005 from [[Cinven]]. 3i has since entered into a partial sale of that business.<ref>[http://www.guardian.co.uk/business/2007/mar/14/privateequity.prebudgetreport2006 NCP partial sale nets £235m for 3i]</ref>
* [[Scandlines]]: 3i and [[Allianz|Allianz Capital Partners]] have shared ownership of Scandlines equally since November 2010.<ref>[http://www.lloydslist.com/ll/sector/ship-operations/article348763.ece Scandlines announces ownership change] Lloyds List, November 2010</ref>
* [[Scandlines]]: 3i and [[Allianz|Allianz Capital Partners]] have shared ownership of Scandlines equally since November 2010.<ref>[http://www.lloydslist.com/ll/sector/ship-operations/article348763.ece Scandlines announces ownership change] Lloyds List, November 2010</ref>
* Stork Materials Testing: in November 2010, 3i announced the acquisition of the materials and testing group of [[Stork B.V.]]<ref>[http://www.thisislondon.co.uk/standard-business/article-23900498-3i-in-deal-to-buy-dutch-stork-materials-for-pound-130m.do 3i in deal to buy Dutch Stork Materials for £130m] Evening Standard, 24 November 2010</ref>
* Stork Materials Testing: in November 2010, 3i announced the acquisition of the materials and testing group of [[Stork B.V.]]<ref>[http://www.thisislondon.co.uk/standard-business/article-23900498-3i-in-deal-to-buy-dutch-stork-materials-for-pound-130m.do 3i in deal to buy Dutch Stork Materials for £130m] Evening Standard, 24 November 2010</ref>

Revision as of 17:58, 10 January 2012

3i Group plc
Company typePublic limited company
LSE: III
IndustryPrivate equity
Founded1945 (created by a syndicate of British banks)
HeadquartersLondon, United Kingdom
Key people
Sir Adrian Montague (Chairman)
Michael Queen (CEO)[1]
£449 million (2010/11)[2]
£186 million (2010/11)[2]
Number of employees
450 (2011)
Websitewww.3i.com

3i Group plc (LSE: III) is an international investor headquartered in London, United Kingdom. It has offices in 13 countries across Asia, Europe and the Americas and had total assets under management of £13 billion as at 30 September 2011.[3][4] It is organised into three investment divisions: Private Equity, Infrastructure and Debt Management.[4]

3i Group is listed on the London Stock Exchange. It ceased to be a constituent of the FTSE 100 Index on 19 September 2011 and became a member of the FTSE 250 Index instead.[5]

History

The company was formed in 1945, as the Industrial and Commercial Finance Corporation (ICFC), by the Bank of England and the major British banks to provide long term investment funding for small and medium-sized enterprises. Its foundation was inspired by the government, and resulted from the recognition in the 1930s, given new impetus in the postwar era, that smaller businesses faced a gap in available corporate finance due to banks being unwilling to provide long-term capital and the companies being too small to raise capital from the public markets.

During the 1950s and 1960s, and particularly after 1959 when the shareholder banks allowed it to raise external funds, ICFC expanded to become the largest provider of growth capital for unquoted companies in the United Kingdom. In 1973 ICFC acquired Finance Corporation for Industry, a sister company also formed in 1945 which focused on finance for large companies, and was renamed Finance for Industry (FFI). In the 1980s FFI became a leading provider of finance for management buyouts, and expanded internationally. In 1983 the company was renamed Investors in Industry, commonly known as 3i.

History of private equity
and venture capital
Early history
(origins of modern private equity)
The 1980s
(leveraged buyout boom)
The 1990s
(leveraged buyout and the venture capital bubble)
The 2000s
(dot-com bubble to the credit crunch)
The 2010s
(expansion)
The 2020s
(COVID-19 recession)

3i Group was created in 1987 when the banks sold off their stakes to form a public limited company. In 1994 the company was floated on the London Stock Exchange with a market capitalisation of £1.5 billion.[6] Until that time the company had only managed its own portfolio of investments, but in 1994 the company began managing funds for external investors. Since that time the company has continued its international expansion, making a number of acquisitions in Europe, Asia and the US.

Operations

The company invests in mid-market buyouts, growth capital (minority) and infrastructure. Sectors invested in are Business & Financial services, Consumer, Industrials & Energy, Healthcare and TMT.

Current investments include:

References

  1. ^ "Executive Compensation at 3i". Retrieved 13 Jul. 2010. {{cite web}}: Check date values in: |accessdate= (help)
  2. ^ a b Annual Report 2010
  3. ^ "Key Facts". 3i Group plc. Retrieved 03 August 2011. {{cite web}}: Check date values in: |accessdate= (help)
  4. ^ a b "Half-year results for the six months to 30 September 2010" (PDF). 3i Group plc. Retrieved 4 February 2011.
  5. ^ FTSE demotion puts 3i under pressure
  6. ^ 3i website: History
  7. ^ http://www.3i.com/media/press-releases/action-accelerates-international-growth-with-3i.html,
  8. ^ http://www.3i.com/media/press-releases/3i-acquires-a-minority-share-in-go-outdoors.html
  9. ^ 3i buys Agent Provocateur
  10. ^ Foster & Partners announces plans for its future
  11. ^ Scandlines announces ownership change Lloyds List, November 2010
  12. ^ 3i in deal to buy Dutch Stork Materials for £130m Evening Standard, 24 November 2010
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