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2,624.00 -6.00 (-0.23%)

Bid:

2,625.00

Ask:

2,626.00

Spread: 1.00 (0.038%)

Market Cap: £26.38b

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Private equity firm 3i posts 10% H1 return

Thu, 14th Nov 2019 07:24

LONDON, Nov 14 (Reuters) - British listed private equity
company 3i posted a half-year return of 10%, helped by
good trading performance across its portfolio including
infrastructure, it said on Thursday.

3i completed new investments in Magnitude Software and
Evernex and made seven bolt-on acquisitions for its portfolio
companies in the first half.

"Despite the uncertain macroeconomic environment, the
majority of our investments have moved into the second half of
the year with decent momentum," Chief Executive Simon Borrows
said.

The returns were in line with the same period last year, and

3i's net asset value per share rose 7% to 873 pence on Sept
30, from 815 pence at March 31.

The firm said it would pay an interim dividend of 17.5 pence
per share.
(Reporting by Carolyn Cohn, editing by Sinead Cruise)