Profit fall forces 3i into £700m rights issue

clock

Decline in M&A caused trust's NAV value to halve over six months, but rights issue will strengthen balance sheet and market position

Private equity giant 3i Group will undertake a rights issue of more than £700m, following a dramatic fall in its share value and profits. The investment company saw its net asset value per share more than halve over the 12 months to 31 March, from £10.77 to £4.96. It recorded pre-tax losses of nearly £2bn in the same period, compared to a £834m profit during the previous 12 months. It also has net debts of £1.1bn as of the end of March this year. The rights issue seeks to raise £732m by issuing around 550 million ordinary shares at £1.35 each. "This rights issue builds on a number o...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Partner Insight: AI Decoded - Pioneering investment innovation with advanced AI techniques

Partner Insight: AI Decoded - Pioneering investment innovation with advanced AI techniques

Insights from AllianzGI's Systematic Equity Team on Random Forest, NLP, and more.

AllianzGI's Systematic Equity team
clock 22 July 2025 • 3 min read
London Stock Exchange eyes launch of 24-hour trading – reports
UK

London Stock Exchange eyes launch of 24-hour trading – reports

Amid growing demand

Cristian Angeloni
clock 21 July 2025 • 1 min read
Partner Insight: Playing Defence with Dividends

Partner Insight: Playing Defence with Dividends

Today’s equity markets are characterised by bouts of volatility, spurred by geopolitical tensions and macroeconomic uncertainties, mainly due to the start-stop nature of the US-initiated global trade war. This has investors seeking strategies that offer...

Reineke Davidsz and Najib Nakad @ VLK Investment Management
clock 10 July 2025 • 3 min read
Trustpilot