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UK private equity firm 3i sees strong returns on portfolio earnings growth

Thu, 14th May 2015 06:18

LONDON, May 14 (Reuters) - British private equity firm 3i reported an investment return of 719 million pounds($1.13 billion) in the year to March 31, helped by strongearnings growth in its portfolio companies.

The owner of Agent Provocateur and Benelux retailer Actionincreased its net asset value (NAV) by 14 percent to 396 pence ashare, despite volatility in foreign exchange markets thatreduced net asset value by 114 million pounds or 12 pence ashare.

The firm proposed a final dividend of 14 pence a share,bringing the total for its 2015 financial year to 20 pence ashare, subject to shareholder approval. ($1 = 0.6352 pounds) (Reporting By Freya Berry, editing by Sinead Cruise)

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