3i Group plc Interim report 2005

Our business lines

Buyouts
3i's mid-market Buyout business operates primarily on a pan-European basis, investing in businesses with a transaction value of up to €1 billion.
Gross portfolio return
13%
Portfolio value
£1,665m
Chart showing the Buyouts Financial highlights (£m) for 6 months to 30 September 2005:
Gross portfolio return 199,
Investment 358,
Realisation proceeds 379,
Realised profit 62,
Unrealised value movement 79,
Portfolio income 58
Growth Capital
3i's Growth Capital business makes minority investments in established and profitable businesses across Europe and Asia, typically investing between €10 million to €100 million per transaction.
Gross portfolio return
13%
Portfolio value
£1,321m
Chart showing Growth Capital Financial highlights (£m) for 6 months to 30 September 2005:
Gross portfolio return 168
Investment 286
Realisation proceeds 381
Realised profit 60
Unrealised value movement 86
Portfolio income 22
Venture Capital
3i's Venture Capital business operates on an international basis, with a focus on the software, communications, healthcare and electronics sectors, typically investing between €2 million and €10 million per transaction.
Gross portfolio return
8%
Portfolio value
£740m
Chart showing Venture Capital Financial highlights (£m) for 6 months to 30 September 2005:
Gross portfolio return 61
Investment 58
Realisation proceeds 120
Realised profit 36
Unrealised value movement 23
Portfolio income 2
Chart showing Group financial highlights (£m) 6 months to 30 September 2005:
Gross portfolio return 521
- Buyouts 199
- Growth Capital 168
- Venture Capital 61
- SMI 93
Investment 706
- Buyouts 358
- Growth Capital 286
- Venture Capital 58
- SMI 4
Realisation proceeds 1,041
- Buyouts 379
- Growth Capital 381
- Venture Capital 120
- SMI 161
Realised profits over opening valuation 189
- Buyouts 62
- Growth Capital 60
- Venture Capital 36
- SMI 31
Unrealised value movement 223
- Buyouts 79
- Growth Capital 86
- Venture Capital 23
- SMI 35
Portfolio income 109
- Buyouts 58
- Growth Capital 22
- Venture Capital 27
- SMI 2