LONDON (Alliance News) - 3i Group PLC Wednesday said Chairman Adrian Montague acquired 2,736 shares at a price of 389.96 pence per share as part of a dividend reinvestment plan Monday.
The company also said that it received GBP164.0 million of private equity realisation proceeds in the first-quarter, helped by market conditions creating opportunities for realisation and refinancings, with an additional GBP245.0 million expected from exits signed but not yet completed. 3i said that the mid-market private equity market remains fully-priced, which has provided it with opportunities for realisations, but continued to result in a "cautious approach" to new investment.
Shares in the investment manager were down 1.4% at 387.90 pence Wednesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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3i Group (III)