3i
From Wikipedia, the free encyclopedia
| 3i plc | |
 |
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| Type | Public company |
|---|---|
| Founded | 1945 (created by a syndicate of British banks) |
| Headquarters | London (England) |
| Key people | Baroness Hogg, Chairman Philip Yea, CEO |
| Revenue | £1,053m (2006) |
| Operating income | £855m (2006) |
| Net income | £852m (2006) |
| Website | www.3i.com |
3i Group PLC is a venture capital and private equity firm quoted on the London Stock Exchange (LSE: III), and part of the FTSE 100 Index.
It was formed by a syndicate of British banks in 1945 to invest in industry. 3i Group was created in 1987 when the banks sold off their stakes to form a public limited company. 3i stands for investors in industry.
Today 3i Group is one of the largest publicly traded capital groups in the world, operating worldwide with €1.5bn of new investments made per annum.
As of Q3 2005 3i announced it would not be switching to IFRS, as it had agreed with its auditors (Ernst & Young) that it did not need to, based on its structure.
[edit] Acquisitions
In July 2005 3i agreed to buy NCP from Cinven. 3i has said it will continue to grow the business service-oriented and public-oursourcing company.
[edit] Key people
Baroness Hogg has been Chairman since 2002 and a non-executive Director since 1997. Currently also Chairman of Frontier Economics Limited. Deputy Chairman of GKN plc and a director of BG Group plc, and Carnival Corporation and plc. A Governor of the London Business School and a member of the Financial Reporting Council. From 1995 to 2002 Chairman of Foreign & Colonial Smaller Companies PLC. Formerly Head of the Prime Minister’s Policy Unit.
Philip Yea is Chief Executive and executive Director since joining the Company in July 2004. Currently also a non-executive director of Vodafone Group Plc. Formerly Managing Director within the private equity business of Investcorp. A former Finance Director of Diageo plc and former non-executive director of HBOS plc and Manchester United PLC.
The company currently employs about 750 people.
[edit] External links
3i • Alliance & Leicester • Alliance Boots • AMVESCAP • Anglo American • Antofagasta • Associated British Foods • AstraZeneca • Aviva • BAE Systems • Barclays Bank • BG Group • BHP Billiton • BP • Bradford & Bingley • Brambles Industries • British Airways • British American Tobacco • British Land • British Sky Broadcasting Group • BT Group • Cadbury Schweppes • Capita Group • Carnival • Centrica • Compass Group • Corus Group • Daily Mail and General Trust • Diageo • Drax Group • DSG International • Enterprise Inns • Experian • Friends Provident • Gallaher Group • GlaxoSmithKline • Hammerson • Hanson • HBOS • Home Retail Group • HSBC • ICAP • Imperial Chemical Industries • Imperial Tobacco • InterContinental Hotels Group • International Power • ITV • J Sainsbury • Johnson Matthey • Kazakhmys • Kelda Group • Kingfisher • Land Securities Group • Legal & General • Liberty International • Lloyds TSB • Lonmin • Man Group • Marks and Spencer • Wm Morrison Supermarkets • National Grid • Next • Northern Rock • Old Mutual • Pearson • Persimmon • Prudential • Reckitt Benckiser • Reed Elsevier • Resolution • Reuters Group • Rexam • Rio Tinto Group • Rolls-Royce Group • Royal & SunAlliance • Royal Bank of Scotland Group • Royal Dutch Shell • SABMiller • Sage Group • Scottish & Newcastle • Scottish & Southern Energy • Scottish Power • Severn Trent • Shire Pharmaceuticals Group • Slough Estates • Smith & Nephew • Smiths Group • Standard Chartered Bank • Standard Life • Tate & Lyle • Tesco • Unilever • United Utilities • Vedanta Resources • Vodafone • Whitbread • Wolseley • WPP Group • Xstrata • Yell Group
