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3i ShareCast News (III)
ShareCast News for 3i (III)
| Share Price: 354.60 | Bid: 354.00 | Ask: 354.40 | Change: 0.00 (0.00%) |  | ||||||
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3i moves into US debt management business
Thu, 2nd Aug 2012 09:42
Private equity giant 3i is continuing to flex its muscles in the debt management space after completing a tie up in the US.
3i has completed a "strategic transaction" with an outfit called Fraser Sullivan, which has gross assets of around £6.9m. The idea is for Fraser Sullivan to build 3i's US debt management platform, leveraging its current market position.
Added to the recent purchase of Invesco's European collateralised loan obligation (CLO) contracts, this deal will leave 3i with £6.5bn in debt management assets under management.
At 9:53, the stock was down 0.62%. Over the last 5 years 3i shares have lost 80.5% of their value.
BS
3i has completed a "strategic transaction" with an outfit called Fraser Sullivan, which has gross assets of around £6.9m. The idea is for Fraser Sullivan to build 3i's US debt management platform, leveraging its current market position.
Added to the recent purchase of Invesco's European collateralised loan obligation (CLO) contracts, this deal will leave 3i with £6.5bn in debt management assets under management.
At 9:53, the stock was down 0.62%. Over the last 5 years 3i shares have lost 80.5% of their value.
BS
London pre-open: FTSE to edge higher ahead of BBA data
City sources predict the FTSE 100 will open up six points from yesterday's close of 6,697, as markets calm after Thursday's heavy losses and ahead of the Bank Holiday weekend.[Yesterday 07:40]
3i Group makes offer to acquire Barclays infrastructure business
3i Group has made an irrevocable offer to Barclays Bank to acquire Barclays Infrastructure Funds Management (BIFM), its European infrastructure fund management business, in what would be a 'significant milestone' for the group.[Yesterday 07:10]
Tuesday broker round-up UPDATE
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged.[Tue 07:12]
Petrofac heads stock up as group unveils growth predictions
A round-up of the biggest director deals today so far.[17 May '13]
FTSE 250 movers: Synthomer drops into bottom spot
Shares in chemicals company Synthomer dropped on Thursday after the company said demand in Europe was weaker than anticipated during March and April, driving the overall group performance lower.[16 May '13]
3i Group to cut costs further after beating targets
FTSE 250 investment group 3i Group saw a surge in assets under management (AuM) in the year to March 31st and said that it has identified further cost savings for the future after outperforming its targets last year.[16 May '13]
Thursday broker round-up UPDATE
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation.[9 May '13]
Wednesday broker round-up UPDATE
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating.[10 Apr '13]
