- 3i Group delivered an increase in annual returns that beat its medium-term expectations underpinned by growth in its private equity portfolio. For the year ended 31 March 2019, the company generated a total return of £258m, or 18% on opening net asset value. Net asset value per share rose to 815 pence from 724 pence a year earlier. Its private equity business continued to perform 'well,' delivering a gross investment return of £1,148m or 20%, driven by assets including Action, Cirtec Medical, Audley Travel, Aspen Pumps and Formel D, the company said. The company deploying proprietary capital of £332m, including two new investments.  3i Infrastructure generated a total shareholder return of 33% as following realisations made during the year, including its stake investment in XLT, a company established to procure and lease out the rolling stock for use on the Thameslink passenger rail franchise.  The total dividend was 35 pence per share for 2019, with a dividend of 20 pence per share to be paid in July 2019, the company said. '3i continued to perform well in FY2019, delivering a total return of 18%, supported by good earnings growth across our Private Equity portfolio and by excellent returns from our Infrastructure team. In very competitive markets, we remained disciplined investors and focused on our buy-and-build platforms,' said Simon Borrows, 3i's Chief Executive. 'FY2020 appears to be starting in a similar way to FY2019, with significant political and market uncertainty and a growing tide of funds looking to invest in our markets. We remain cautious in this environment, which will lead us to be careful about the pricing of new investments and to deploy further capital in companies we already know well.'

At 8:03am: [LON:III] 3i Group PLC share price was +1p at 1055p

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