Business
Results for the year to 31 March 2017
Results for the year to 31 March 2017.
About this update from 3i Group Plc
[{"type":"text","content":"\n \nRNS Number : 4818F 3i Group PLC 18 May 2017 \n\n \n \n \n \n \n18 May 2017\n \n3i Group plc announces full year results\nto 31 March 2017 \n \n \nAn excellent year\n \n· Total return of £1,592m or 36% and NAV per share of 604 pence (31 March 2016: 463 pence)\n \n· Very strong Private Equity gross investment return of £1,624m or 43%, driven by Action, Scandlines, and more recent investments, such as ATESTEO. The gross investment return from our investments completed between 2013 and 2016 was 29%\n \n· Disposals and refinancings in Private Equity generated £982m of proceeds \n \n· £409m invested in three new portfolio companies, BoConcept, Ponroy Santé and Schlemmer as well as a further investment of £62m in Q Holding to support its acquisition of Degania \n \n· Good progress in Infrastructure; advised 3i Infrastructure plc (\"3iN\") on £479m of investment in six companies and announced the launch of three Infrastructure fund platforms to complement our mandate as investment adviser to 3iN \n \n· A 16% total shareholder return from 3iN\n \n· Successful sale of our Debt Management business to Investcorp for £270m\n \n· Proposed final dividend of 18.5 pence per share, bringing the total dividend for FY2017 to 26.5 pence per share, subject to shareholder approval \n \n \nSimon Borrows, 3i's Chief Executive, commented: \n\n\"FY2017 was another important year for 3i. Our Private Equity and Infrastructure businesses performed well and we simplified the Group by selling our Debt Management platform. Our efforts over the last few years in reshaping the portfolio mean we are now able to focus on active asset management and origination. We have made a good start to FY2018 with c.€500m of new investments signed and strong value growth potential in our current portfolio.\"\n \n \nFinancial highlights\n \n\n\n\n\n \n\n\nYear to/as at\n\n\nYear to/as at\n\n\n\n\n \n\n\n31 March\n\n\n31 March\n\n\n\n\n \n\n\n2017\n\n\n2016\n\n\n\n\nGroup \n\n\n\n\nTotal return including discontinued operations\n\n\n£1,592m\n\n\n£824m\n\n\n\n\nTotal return1\n\n\n£1,501m\n\n\n£797m\n\n\n\n\nOperating expenses including discontinued operation...