Buy-outs

3i’s buy-out business is focused on the mid and smaller buy-out markets in Europe and Asia Pacific.

“A strong financial performance for the year as a whole and a substantial pick up in investment activity in the second half. For the year ahead, we will continue to drive value growth from the portfolio and, if market conditions remain supportive, increase the level of new investments and realisations.”

Jonathan Russell
Head of Buy-outs
Portfolio value
£2,306m 54 percent
Five investments from the year


Company

Business description

Country		 Transaction size
£m		 Amount
invested
£m*
Gant Marketing and design of premium branded apparel Sweden 73 8.5
Herold Mediatel Telephone directories Austria 173 20.6
MIB AG Facilities management Switzerland 43 11.8
Refresco Fruit juice producer Netherlands 208 40.3
SVP Telephone consultancy service France 33 4.9


Financial highlights (£) year to 31 March 2004

Financial highlights for year to 31 March 2004, Total return, Mid-market buy-outs £189m, Smaller buy-outs £146m. Investment (including funds), Mid-market buy-outs £442m, Smaller buy-outs £50m. Realisation proceeds, Mid-market buy-outs £206m, Smaller buy-outs £258m. Realised profits, Mid-market buy-outs £62m, Smaller buy-outs £61m. Unrealised value movement, Mid-market buy-outs £161m, Smaller buy-outs £86m.
*Including funds
Angel Springs > Gant > Refresco >