28th Jan 2016 07:50
LONDON (Alliance News) - 3i Group PLC on Thursday said its net asset value total return remained solid in the third quarter, with good levels of divestment and acquisition activity.
The FTSE 100-listed private equity investor said its net asset value total return for the quarter to the end of December was 7.4%, with its net asset value per share standing at 413.00 pence, against 401p at the end of September.
3i realised a total of GBP403.0 million for the nine months to the end of December, excluding the GBP188.0 million it is due from the sale of Element Materials Technology.
Over the same period, the company invested GBP364.0 million across three private equity investments and launched two new collateralised loan obligations in its debt management unit in the third quarter, including one in Europe and one in the US.
"This was another steady quarter for 3i. We delivered a solid result, supported by good levels of investment and divestment activity, despite the challenging market backdrop," said Chief Executive Simon Borrows.
By Sam Unsted; [email protected]; @SamUAtAlliance
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