REG - 3i Group PLC - Half Yearly Report <Origin Href="QuoteRef">III.L</Origin> - Part 7
13/11/2014 08:21
- Part 7: For the preceding part double click ID:nRSM9002Wf
Earnings 57 58 501 573
3i Infrastructure plc Infrastructure
Quoted investment company, UK
investing in infrastructure 2007
Quoted 302 302 404 421
Scandlines Private Equity
Ferry operator in the Germany
Baltic Sea 2007
DCF 108 110 193 218
HILITE Private Equity
Fluid control component supplier Germany
2011
Imminent sale 57 58 133 152
Quintiles Private Equity
Clinical research outsourcing US
solutions 2008
Quoted 52 52 122 137
Mayborn Private Equity
Manufacturer and distributor of UK
baby products 2006
Earnings 113 120 116 122
Element Materials Technology Private Equity
Testing and inspection Benelux
2010
Earnings 78 59 124 112
ACR Private Equity
Pan-Asian non life reinsurance Singapore
2006
Industry metric 105 105 101 111
Basic-Fit Private Equity
Discount fitness operator in Europe Benelux
2013
Earnings 84 87 82 100
AES Engineering Private Equity
Manufacturer of mechanical seals UK
and support systems 1996
Earnings 30 30 96 99
Ten large investments 56% of total portfolio 986 981 1,872 2,045
Twenty five large investments continued
Residual Residual
Business line cost cost Valuation Valuation
Geography March Sept March Sept
Investment Calendar year first invested in 2014 2014 2014 2014
Description of business Valuation basis £m £m £m £m
Eltel Networks Private Equity
Infrastructure services for electricity and Finland
telecoms networks 2007
Earnings 89 90 70 94
Tato Private Equity
Manufacture and sale of speciality UK
chemicals 1989
Earnings 2 2 85 81
GIF Private Equity
German headquartered international Germany
transmission testing specialist 2013
Earnings 64 67 65 66
Dynatect Private Equity
Manufacturer of engineered, mission US
critical protective equipment 2014
Other - 65 - 65
Mémora Private Equity
Funeral service provider Spain
2008
Earnings 141 143 67 60
Refresco Private Equity
Manufacturer of private label Benelux
juices and soft drinks 2010
Earnings 46 46 42 58
Geka Private Equity
Manufacturer of brushes, applicators and Germany
packaging systems for the cosmetics industry 2012
Earnings 56 57 55 53
Amor Private Equity
Distributor and retailer of affordable Germany
jewellery 2010
Earnings 50 30 70 51
Agent Provocateur Private Equity
Women's lingerie and assorted UK
products 2007
Earnings 49 53 35 50
Etanco Private Equity
Designer, manufacturer and France
distributor of fasteners and fixing systems 2011
Earnings 80 81 44 47
JMJ Private Equity
Global management consultancy US
2013
Earnings 44 44 43 45
OneMed Group Private Equity
Distributor of consumable medical Sweden
products, devices and technology 2011
Earnings 108 112 44 42
LHI Technology Private Equity
Medical cable assemblies China
2008
Imminent sale 16 17 33 42
Foster + Partners1 Private Equity
Architectural services UK
2007
Other 108 40
Phibro Animal Health Corporation Private Equity
Animal healthcare US
2009
Quoted 89 22 93 38
Twenty five large investments 78% of total portfolio 1,820 1,810 2,726 2,877
1 The residual cost of this investment cannot be disclosed per a confidentiality agreement in place at the time of
investment.
Portfolio composition
3i direct portfolio value by business and geography (£m)
Six months to Six months to Year to
30 September 30 September 31 March
2014 2013 2014
Private Equity
UK 518 528 556
Continental Europe 1,854 1,337 1,788
Asia 247 256 250
The Americas 362 299 337
Rest of World 3 4 4
2,984 2,424 2,935
Infrastructure
UK 429 409 412
Asia 62 70 75
491 479 487
Debt Management1
Continental Europe 146 107 119
The Americas 51 48 24
197 155 143
Total 3,672 3,058 3,565
1. The Debt Management portfolio is split based on the geographic location of the fund management team, with all funds managed by the team in London disclosed as "Continental Europe". The underlying investments of the vehicles may be across several geographies.
3i direct portfolio value by valuation method (£m)
Six months to Six months to Year to
30 September 30 September 31 March
2014 2013 2014
Imminent sale or IPO 193 43 33
Quoted 641 578 554
Earnings 2,069 1,831 2,308
Fund 10 12 11
Industry metric 130 133 124
DCF 291 181 271
Debt Management 197 155 143
Other 141 125 121
Total 3,672 3,058 3,565
3i direct Private Equity portfolio value by valuation method (£m)
Six months to Six months to Year to
30 September 30 September 31 March
2014 2013 2014
Imminent sale or IPO 193 43 33
Quoted 212 167 133
Earnings 2,069 1,831 2,308
Fund 10 12 11
Industry metric 130 133 124
DCF 229 114 205
Other 141 124 121
Total 2,984 2,424 2,935
3i direct Private Equity continental European portfolio by value (£m)
Six months to Six months to Year to
30 September 30 September 31 March
2014 2013 2014
Benelux 862 476 767
France 122 171 179
Germany 582 345 542
Nordic 204 201 197
Spain 84 140 103
Other European - 4 -
Total 1,854 1,337 1,788
3i direct Private Equity portfolio value by sector (£m)
Six months to Six months to Year to
30 September 30 September 31 March
2014 2013 2014
Business Services1 704 720 852
Consumer 1,052 665 887
Healthcare 293 384 386
Industrials 813 536 691
Technology, Media and Telecoms 122 119 119
Total 2,984 2,424 2,935
1 Includes Financial Services.
3i direct Infrastructure portfolio value by valuation method (£m)
Six months to Six months to Year to
30 September 30 September 31 March
2014 2013 2014
Quoted 430 411 421
DCF 61 67 66
Other - 1 -
Total 491 479 487
Information for shareholders
Note A
The Half-yearly report 2014 will be available as a pdf on our website at www.3i.com
Note B
The interim dividend is expected to be paid on 7January 2015 to holders of ordinary shares on the register on 12 December
2014. The ex-dividend date will be 11 December 2014.
Annual reports online
If you would prefer to receive shareholder communications electronically in future, including annual reports and notices of
meetings, please visit our Registrars' website at www.shareview.co.uk/clients/3isignup and follow the instructions there to
register.
More general information on electronic communications is available on our website at
www.3i.com/investor-relations/shareholder-information
Registrars
For shareholder administration enquiries, including changes of address, please contact:
Equiniti
Aspect House
Spencer Road
Lancing
West Sussex BN99 6DA
Telephone 0871 384 2031
Calls to this number are charged at 8p per minute from a BT landline, other telephony provider costs may vary. Lines are
open from 8.30am to 5.30pm, Monday to Friday.
(International callers +44 121 415 7183)
3i Group plc
Registered office:
16 Palace Street,
London SW1E 5JD, UK
Registered in England No. 1142830
An investment company as defined by section 833 of the Companies Act 2006.
This information is provided by RNS
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