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3i Group plc
Report and accounts 2006
 
 
 
 
 
 
 

Introduction

3i is a world leader in private equity and venture capital. We focus on buyouts, growth capital and venture capital and invest across Europe, the US and Asia.

Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders.

Our purpose:

to provide quoted access to private equity returns.

Our vision:

to be the private equity firm of choice:

Our strategy:

  • to invest in high-return assets;
  • to grow our assets and those we manage on behalf of third parties;
  • to extend our international reach, directly and through investing in funds;
  • to use our balance sheet and resources to develop existing and new business lines; and
  • to continue to build our strong culture of operating as one company across business lines, geographies and sectors.

This Annual report and accounts may contain certain statements about the future outlook for 3i. Although we believe our expectations are based on reasonable assumptions, any statements about the future outlook may be influenced by factors that could cause actual outcomes and results to be materially different.

 

Sections

 
 
 
 
 
 
 

Group financial highlights

Return on opening shareholders' funds

 

22.5%

 
 

Realisation proceeds

 

£2,207m

 
 
 

Total return

 

£831m

 
 

Dividend per share

 

15.2p

 
 
 

Financial highlights for the year to 31 March

 
 
Financial highlights for the year to 31 March
  2006
 
2005
(as restated)*
Gross portfolio return on opening portfolio value 24.4% 16.7%
Total return on opening shareholders' funds 22.5% 15.2%
Dividend per share 15.2p 14.6p
Realised profits over opening valuation on disposal of investments £576m £250m
Diluted net asset value per share 739p 614p
New investment £1,110m £755m
Realisation proceeds £2,207m £1,302m
Total portfolio value £4,139m £4,317m

* Restated comparatives reflect the adoption of International Financial Reporting Standards ("IFRS").
In addition, a special dividend of 40.7p per share was paid in the year.

 
 

Portfolio value (%)
as at 31 March 2006

 
Buyouts: 35% (£1,465m);
Growth Capital: 31% (£1,284m);
Venture Capital: 20% (£826m);
SMI: 14% (£564m);
 
 

Trend in international portfolio value (%) as at 31 March

 
2001: UK 71%, International 29%;
2002: UK 66%, International 34%;
2003: UK 63%, International 37%;
2004: UK 58%, International 42%;
2005: UK 52%, International 48%;
2006: UK 42%, International 58%;
 
 
 
 
 

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