Private equity and infrastructure investor 3i Group PLC (III.LN) said on Thursday that it made a 19.4% total return for the nine months to Dec. 31.
3i's net asset value per share as at Dec. 31 was 701 pence, up from 652 pence on Sept. 30. Chief Executive Simon Borrows said the company had a positive third quarter in financial 2018, including continued expansion of discount retailer Action.
Cash realizations over the nine months amounted to 389 million pounds ($551.3 million). 3i also announced the 307 million euros ($380.5 million) divestment of equipment testing company ATESTEO in December.
3i's cash investments in private equity came to GBP585 million in the nine months, having completed add-on investments in Cirtec Medical and Ponroy Sante during the third quarter.