3i nets £150m from deal with Gherkin firm June 30, 2014 THE UK’S oldest private equity group has sold its stake in Foster + Partners back to the seminal architecture practice, which is best known for designing the City’s iconic Gherkin tower. FTSE 100-listed 3i, founded in 1945 in the aftermath of the second world war, will sell 40 per cent of the business back to [...]
3i cost pruning bears fruit for shareholders May 14, 2014 INVESTORS sent shares in UK private equity group 3i up nearly six per cent yesterday, after strong figures suggested its painful restructuring last year was beginning to pay off. 3i, which is among the UK’s oldest private equity investors, said it made a £5m operating cash profit in the year ending March 2013, reversing an [...]
Activist investor slams Bwin as former 3i boss appointed chair April 9, 2014 BWIN.PARTY is facing shareholder criticism after the appointment of the former chief executive of private equity group 3i as the online gambling group’s new chairman. Philip Yea, who was ousted as boss of 3i in 2009 in the wake of a disastrous year that saw the firm’s debts soar and shares fall, will succeed Bwin’s [...]
3i infrastructure chief Hogg quits to join Canada Pension Plan fund February 12, 2014 THE BOSS of 3i’s infrastructure business is leaving the firm to take up a senior post at the Canada Pension Plan Investment Board (CPPIB), it emerged yesterday. Cressida Hogg, the founder and current managing partner of 3i Infrastructure, will step down at the end of next month to take up the role at CPPIB, a [...]
3i sambas out of Brazil market in concerns over economic growth January 30, 2014 THE UK’S oldest private equity group has quit Brazil due to the Latin American country’s deteriorating economic promise. 3i Group, formed in 1945, said it will stop investing in the country and cease raising a Brazilian-focused fund due to slowing economic growth. Its Sao Paulo office, which contains eight staff, is also set to close. [...]