3i infrastructure : 3IN

Research History

• 08 Jun 2020 8 min read

  QuotedData’s Economic Roundup – June 2020

  Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 07 Apr 2020 5 min read

  QuotedData’s Economic Roundup – April 2020

  Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 24 Jan 2020 20 min read

  QuotedData’s Investment Companies Annual Review – 2019

   In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]

• 12 Nov 2019 5 min read

  QuotedData’s investment companies roundup – November 2019

  Investment Companies Roundup Kindly sponsored by Baillie Gifford  New research Over October, we published notes on Pacific Horizon, Seneca Global Income & Growth, Premier Global Infrastructure, Polar Capital Global Financials, Ecofin Global Utilities and Infrastructure, Aberdeen Standard European Logistics Income and Herald. Additionally, as part of our enhanced coverage of the property sector, we launched […]

• 16 Oct 2018 2 min read

  Quarterly Investment Companies Roundup – Third Quarter 2018

  Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018.  This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]

• 15 Aug 2018 1 min read

  QuotedData’s investment companies roundup – August 2018

  QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an […]

• 11 May 2018 1 min read

  QuotedData’s investment companies roundup – May 2018

  QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]

• 25 Apr 2018 1 min read

  Quarterly investment companies roundup – First quarter 2018

  Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]

• 18 Apr 2018 1 min read

  QuotedData’s investment companies roundup – April 2018

  QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]

• 18 Jan 2018 1 min read

  QuotedData – 2017 review of the year

  QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside:  US markets hit new highs despite three interest rate rises.  Perceived low/no growth areas such as Europe and Japan burst into life.  Asia’s technology stocks surged.  India’s […]

• 12 Jul 2017 2 min read

  QuotedData investment companies roundup – July 2017

  QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]

• 14 Jun 2017 1 min read

  QuotedData investment companies roundup – June 2017

  QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]

• 31 Jan 2017 1 min read

  QuotedData – 2016 review of the year

  Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup

• 27 Oct 2016 1 min read

  Quarterly investment companies roundup – Third quarter 2016

  Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup

• 27 Apr 2015 1 min read

  The importance of income – where to find it?

  Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]

News

• 29 Nov 2024 1 min read

  QuotedData’s Investors’ Choice: The results are in!

  If you missed the announcement that followed today’s quarterly panel show, here are the winners of our inaugural QuotedData’s Investors’ Choice Awards Many thousands of you visited our dedicated Awards website. One lucky voter won the £5,000 prize for correctly predicting all the winners. A big thank you to our sponsors: Cazenove Capital and Stonehage […]

• 12 Nov 2024 1 min read

  QuotedData’s morning briefing 12 November 2024 – 3IN, PCTN, BPCR

  In QuotedData’s morning briefing 12 November 2024: 3i Infrastructure (3IN) announced its interim results for the six months to 30 September 2024. The company generated a NAV total return of 5.1% for the period and is on track to deliver its dividend target of 6.33p, 6.3% higher than the previous year which is to be […]

• 07 Oct 2024 2 min read

  3i Infrastructure receives binding offer for Valorem stake

  3i Infrastructure (3IN) says it has received a binding offer for its c.33% stake in Valorem, an independent European renewable energy developer and power producer, from funds managed by AIP Management P/S alongside other co-investors. 3IN says that, subject to acceptance of the binding offer, which will follow consultation with Valorem’s employee representative bodies, 3IN […]

• 30 Aug 2024 3 min read

  It’s a wonderful (Vanguard) Life

  The Vanguard LifeStrategy Funds are a cornerstone in the retail and financial advisory sectors. Collectively, these funds offer five passive investment strategies that blend global equity and global bond index funds in varying proportions. The allocations range from 100% equity exposure to 20% equity and 80% bonds, with each fund adjusting its weighting in 20% […]

• 15 Aug 2024 2 min read

  JLEN Environmental sells slice of AD portfolio to firm backed by 3i Infrastructure

  JLEN Environmental Assets has signed an agreement for the sale of 51% of a portfolio of six gas-to-grid anaerobic digestion (AD) facilities to Future Biogas. The proceeds of the sale are £68.1m, in line with the valuation as at 30 June 2024. JLEN will continue to own the other 49% of the portfolio, as well […]

• 08 May 2024 1 min read

  Another strong year for 3IN as shares head toward premium

  3i Infrastructure (3IN) announced its annual results for the period ended 31 March 2024. The company delivered a 11.4% NAV total return for the year, and a total shareholder return of 8.1%, marginally behind that of the benchmark index which returned 8.7% in the same period. Since the IPO, the company’s annualised total shareholder return […]

• 07 Nov 2023 2 min read

  Continued growth for 3IN

  3i Infrastructure (3IN) has announced its results for the six months to 30 September 2023. The company generated a total return of 6.3% on opening NAV for the first half of the year, ahead of the target return of 8% to 10% per annum. The portfolio overall is performing robustly and ahead of expectations. During […]

• 29 Sep 2023 2 min read

  QuotedData’s morning briefing 29 September 2023 – SYNC, 3IN, API, HOME

  In QuotedData’s morning briefing 29 September 2023: Syncona (SYNC) has announced that it is launching a share buyback programme of up to $40.0m. SYNC’s board believes that the current share price materially undervalues its portfolio and its prospects and that the shares represent a compelling and unique investment opportunity. SYNC currently trades on a (42.3%) […]

• 24 Jul 2023 2 min read

  QuotedData’s morning briefing 24 July 2023

  In QuotedData’s morning briefing 24 July 2023: Alliance Trust (ATST) has added a new stock picker to its roster, bringing the total to 10. ATST’s investment manager Willis Towers Watson has appointed Dalton Investments, a value-focused Japanese specialist, which will receive 4% of ATST’s capital. Craig Baker, chairman of WTW’s investment committee, said: “Following extensive […]

• 10 May 2023 1 min read

  Continued NAV growth but shares down for 3i Infrastructure

  3i Infrastructure (3IN) announced its annual results for the year-end 31 March 2023. The company achieved a 14.7% NAV return for the year, delivery of the FY23 dividend target of 11.15 pence, and a 6.7% increase in the target dividend for FY24 to 11.90 pence per share. Despite the solid NAV performance, shares were down […]

• 03 Mar 2023 4 min read

  QD view – Discounts – time to get serious?

  The chart below shows how the median discount of share price to net asset value (NAV) across the whole London-listed investment companies market has moved since the start of 2021. What we see is a big lurch downwards around the outbreak of the war in Ukraine. Then a steady widening over the next few months […]

• 10 Feb 2023 1 min read

  QuotedData’s weekly news show 10th February 2023

  Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Chrysalis Investments (0:34) • 3i Infrastructure (9:26) • CC Japan Income & Growth (11:00) This week’s interview was with Colm Walsh from ICG Enterprise […]

• 1 min read

  QuotedData’s morning briefing 10 February 2023

  In QuotedData’s morning briefing 10 February 2023: JLEN Environmental Assets Group (JLEN) says that Nadia Sood has been appointed to its board as a non-executive director with effect from 10 February 2023. The announcement says that Nadia brings extensive experience of executing and managing complex infrastructure investments ranging in size across multiple international markets. She […]

• 19 Jan 2023 3 min read

  Q4 2022 update from 3i Infrastructure

  3i Infrastructure has published a quarterly update covering the final quarter of 2022. It says that overall the portfolio performed well, exceeding the expectations set in September 2022, and continues to deliver strong performance. The board believes that the company is on track to deliver its dividend target of 11.15p for the financial year ended […]

• 16 Nov 2022 3 min read

  QuotedData’s morning briefing 16 November 2022

  In QuotedData’s morning briefing 16 November 2022: ThomasLloyd Energy Impact (TLEI/TLEP) has announced the results of its placing that was announced on 8 November 2022. The ‘subsequent placing’ raised gross proceeds of US$35.3m and 34,277,228 new ordinary shares are being issued at a price of US$1.030 (£0.865 being the announced sterling equivalent price) per ordinary […]

• 08 Nov 2022 2 min read

  QuotedData’s morning briefing 8 November 2022

  In QuotedData’s morning briefing 8 November 2022: Triple Point Energy Transition (TENT) has made its first energy efficient lighting investment. TENT has provided funding of £1m to a lighting solutions provider, which has installed efficient lighting and controls at a large retail logistics specialist. TENT will receive a contractual income from the logistics specialist over […]

• 01 Nov 2022 3 min read

  QuotedData’s morning briefing 1 November 2022

  In QuotedData’s morning briefing 1 November 2022: 3i Infrastructure (3IN) has completed its €394m investment in ground support equipment rental company TCR, buying the stake owned by funds managed by DWS. 3i Infrastructure now has about a 96% stake in the business, the balance is held by TCR’s management. Momentum Multi-Asset Value (MAVT) has renewed […]

• 30 Sep 2022 5 min read

  QuotedData’s morning briefing 30 September 2022

  In QuotedData’s morning briefing 30 September 2022: NextEnergy Solar Fund (NESF) has announced that it has increased the commitments available under its Revolving Credit Facility (RCF) with AIB Group (UK) Plc and NatWest from £75m to £135m – an increase of £60m. The additional commitments have been agreed at a margin of 120bps over SONIA […]

• 05 Sep 2022 1 min read

  QuotedData’s morning briefing 5 September 2022

  In QuotedData’s morning briefing 5 September 2022: Schiehallion (MNTN) has posted its interim results for the six months to 31 July 2022. During this time, the trust delivered a negative return of 17.6%. The managers said market price volatility has had an impact on the opportunities they have been seeing. Companies are reluctant to raise […]

• 15 Jun 2022 1 min read

  3i Infrastructure to increase stake in ground support equipment leader TCR

  3i Infrastructure to increase stake in ground support equipment leader TCR – 3i Infrastructure has agreed to acquire the stake in TCR owned by funds managed by DWS, which will result in it increasing its holding from around 48% to around 96% of the equity in TCR, alongside management. This further investment is expected to […]

• 25 May 2022 2 min read

  QuotedData’s morning briefing 25 May 2022

  In QuotedData’s morning briefing 25 May 2022: JPMorgan China Growth & Income (JCGI) has posted its interim results for the six months to 31 March 2022. During this time, the trust’s total return on net assets (with net dividends reinvested) fell 30.8%, underperforming the benchmark MSCI China Index’s 17.5% decline (in sterling terms). The total […]

• 10 May 2022 3 min read

  Another year of strong returns from 3i Infrastructure

  3i Infrastructure achieved a return of 17.2% in the year ended 31 March 2022, with the NAV increasing to 303p and shareholders receiving a return of 20.9%. A 10.45p dividend for  the year was 6.6% higher than the previous year and a new target of 11.15p has been set for the current financial year. Portfolio […]

• 31 Mar 2022 1 min read

  QuotedData’s morning briefing 31 March 2022

  In QuotedData’s morning briefing 31 March 2022: HICL Infrastructure plans to sell its 100% interest in the Queen Alexandra Hospital PFI Project to InfraRed European Infrastructure Income Fund 4. HICL would get £108m and a 1.5p increase in its NAV. The hospital has over 7,200 staff and 1,200 beds, that serves over 675,00 residents across […]

• 02 Feb 2022 3 min read

  QuotedData’s morning briefing 2 February 2022

  In QuotedData’s morning briefing 2 February 2022: 3i Infrastructure (3IN) has completed its further £258m investment in ESVAGT, the market leader in service operation vessels for the offshore wind industry, taking its equity stake to 100%. Downing Renewables and Infrastructure (DORE) has acquired an operational 46 MW onshore wind project located in north east Sweden […]

• 16 Dec 2021 3 min read

  QuotedData’s morning briefing 16 December 2021

  In QuotedData’s morning briefing 16 December 2021: Triple Point Social Housing REIT (SOHO) says that Parasol, a registered provider focused on the supported housing sector, has been deemed non-compliant with regards to elements of the  Regulator’s governance and financial viability standard. The Regulator would like to see Parasol demonstrate improvement in the areas of business […]

• 06 Dec 2021 1 min read

  3i Infrastructure holds up traffic

  3i Infrastructure (3IN) has agreed to invest c.£191m to acquire a 92% stake in SRL Traffic Systems, the traffic management equipment rental company in the UK. Management has re-invested to acquire the remaining 8% stake. 3i Infrastructure has provided a further £83m of debt financing to SRL with the intention of replacing this with third party […]

• 03 Dec 2021 1 min read

  3i Infrastructure makes further investment in ESVAGT

  3i Infrastructure makes further investment in ESVAGT – 3i Infrastructure has agreed to acquire the stake in ESVAGT owned by its co-investor AMP Capital. This will result in 3i Infrastructure holding 100% of the equity in ESVAGT. The ticket price for this further investment is expected to be £268m. Completion is subject to certain third party […]

• 18 Nov 2021 1 min read

  3i Infrastructure buys subsea fibre optic network

  3i Infrastructure buys subsea fibre optic network – 3i Infrastructure has agreed to invest about $512m to buy a 100% stake in Global Cloud Xchange (GCX). Global Cloud Xchange is a leading global data communications service provider and owns one of the world’s largest private subsea fibre optic networks. The company provides high-bandwidth connectivity to a […]

• 11 May 2021 4 min read

  3i Infrastructure ups dividend by 6.5%

  3i Infrastructure ups dividend by 6.5% – 3i Infrastructure has announced results for the year ended 31 March 2021. The total return on opening net asset value was 9.2%, in line with its target of between 8% and 10%. while it also achieved a total shareholder return of 23.8%. The company paid an interim dividend […]

• 01 Apr 2021 1 min read

  3i Infrastructure agrees to acquire DNS:NET

  3i Infrastructure agrees to acquire DNS:NET – 3i Infrastructure plc  has agreed to invest c.€182m to acquire a 60% stake in DNS:NET and to provide additional funding for the future growth of the business. DNS:NET is a leading independent telecommunications provider in Germany.  3i Infrastructure is buying its stake from Deutsche Beteiligungs AG (“DBAG”), DBAG ECF, […]

• 27 Jan 2021 2 min read

  QuotedData’s morning briefing 27 January 2021

  In QuotedData’s morning briefing 27 January 2021 – Henderson Smaller Companies (HSL) delivered total NAV and share price returns of 20.6% and 27.7% over its six-months interim results period to 30 November 2020. HSL said that its NAV performance was 6.3% ahead of the average of our peers in the AIC UK smaller companies sector. 3i […]

• 11 Nov 2020 4 min read

  3i Infrastructure looks to build on strong results

  Over its half-year results period to 30 September 2020, 3i Infrastructure (3IN) generated a total return of 3.8%. 3IN says that the portfolio is performing in line with expectations, both financially and operationally. 3IN delivered a total shareholder return of 18.9% in the period (the company notes that the FTSE 250 index returned 16.0% over […]

• 30 Sep 2020 3 min read

  3i Infrastructure update – portfolio holding up well but lower power prices to affect valuations

  In an update covering the period from 1 April to 29 September 2020, 3i Infrastructure (3IN) said that “most portfolio companies have met or exceeded the expectations we set at the start of the period, although lower power price forecasts, ongoing effects of the pandemic and the slow recovery in air travel will affect some […]

• 09 Jul 2020 1 min read

  QuotedData’s morning briefing 9 July 2020

  In QuotedData’s morning briefing 9 July 2020: NewRiver REIT says 81% of retailers in its portfolio are now open for business (81% based on gross rent). Of the rent due on 24 June, 71% has either been collected or had alternative payment terms agreed with occupiers. 1% of rents have been waived. Rents collected for 25 March […]

• 07 May 2020 1 min read

  3i Infrastructure let down by falling premium

  3i Infrastructure let down by falling premium – in what was otherwise a good year, a reduction in the premium to asset value that the shares trade at left shareholders nursing a loss. 3i Infrastructure reports an 11.4% return on NAV for the year ended 31 March 2020. It hit its 9.2p dividend target and […]

• 20 Mar 2020 4 min read

  3i Infrastructure says portfolio impact has been limited so far and that it is in a strong cash position

  3i Infrastructure (3IN) has released a performance update for the period from 1 October 2019 to 18 March 2020. With a market capitalisation of about £1.95bn, 3IN is one of the largest investment trusts, alongside two other infrastructure sector companies, HICL (HICL) and International Public Partnerships (IPP). Financial update – £720m cash available Total available liquidity of over […]

• 19 Dec 2019 2 min read

  3i Infrastructure sells Wireless Infrastructure stake

  3i Infrastructure sells Wireless Infrastructure stake – 3i Infrastructure has agreed to sell its 93% stake in Wireless Infrastructure Group (“WIG”), the independent wireless infrastructure operator headquartered in the UK, to Brookfield Infrastructure. The sale values the company’s stake in WIG at approximately GBP387 million, compared to a valuation of GBP291 million at 30 September 2019. […]

• 07 Nov 2019 1 min read

  QuotedData’s other news 7 November

  In QuotedData’s other news 7 November – 3i Infrastructure (3IN) delivered a 5.8% total return in its NAV over the half-year period to 30 September 2019. The company made a significant new investment in Ionisos (£186m) over the period and in October 3IN raised new equity worth £223m. GCP Asset Backed Income (GABI) has announced the […]

• 11 Oct 2019 1 min read

  3i Infrastructure placing raises £222.8m

  3i Infrastructure placing raises £222.8m – 3i Infrastructure (3IN) has raised gross proceeds of around £222.8m in a share placing that represents approximately 9.9% of the company’s issued ordinary share capital prior to the placing. 3IN say the issue was substantially oversubscribed and that it represents a discount of approximately 7.6% to the share price immediately prior […]

• 03 Oct 2019 1 min read

  QuotedData’s other news 3 October 2019

  In QuotedData’s other news 3 October 2019 3i Infrastructure will issue up to 81m new shares through a placing. The price will be determined through a book build – where investors say what price they are prepared to pay and the deal is done at the highest price that allows the fund to issue all the […]

• 26 Sep 2019 1 min read

  QuotedData’s other news 26 September 2019

  In QuotedData’s other news 26 September 2019: 3i Infrastructure has completed the purchase of cold storage company, Ionisos, that was announced in July Custodian REIT has extended a borrowing facility that was coming to the end of its life by three years and expanded it too. Lloyds Bank agreed to increase the total funds available under […]

• 26 Jul 2019 2 min read

  QuotedData’s other news 26 July 2019

  In QuotedData’s other news 26 July 2019: Scottish American (SCAM) has announced its interim results for the six-months ended 30 June 2016, in which it modestly outperformed its benchmark. SCAM’s net asset value total return for the first six months of 2019 was 17.3% and the share price total return was 17.5%. In contrast, it says […]

• 2 min read

  Cold and sterile – 3i Infrastructure to acquire Ionisos

  3i Infrastructure plc (3IN) has announced that it has agreed to invest approximately €220m to acquire up to 100% of Ionisos, which it describes as a leading owner and operator of cold sterilisation facilities servicing the medical, pharmaceutical and cosmetics industries. The seller is Ardian Expansion and the transaction is expected to complete in September. […]

• 09 May 2019 1 min read

  QuotedData’s other news 9 May 2019

  Baker Steel has announced details of its tender – a tender offer for up to 9,677,498 shares (about one share for every 12 issued shares) at a tender price of 51p per share. The price represents a premium of 10.9% to the closing bid price on 7 May 2019 and a discount of 10.2% to the […]

• 15 Mar 2019 2 min read

  3i Infrastructure seals Cross London sale and Tampnet buy

  3i Infrastructure seals Cross London sale and Tampnet buy – Following on from the completion of the sale of its 33.3% stake in Cross London on March 14, 2019, for £333mn, 3i Infrastructure plc (3I) has today finalised the acquisition of Tampnet for €226 million following the receipt of regulatory approvals in Europe and the USA. […]

• 05 Feb 2019 1 min read

  3i Infrastructure to sell Cross-London trains

  3i Infrastructure to sell Cross-London trains – 3i Infrastructure  has agreed to sell its 33.3% stake in Cross London Trains, a company established to procure and lease the rolling stock for use on the Thameslink passenger rail franchise. The acquirer is a consortium of Dalmore and Equitix funds. The sale is conditional on certain third party […]

• 15 Jan 2019 7 min read

  Aberdeen Diversified Income and Growth bailed out by narrowing discount

  Aberdeen Diversified Income and Growth bailed out by narrowing discount – Aberdeen Diversified Income & Growth has published results for the year ended 30 September 2018. Over the period, the NAV rose 2.5% on a total return basis. Fortunately, however, the shares moved from a 3.1% discount to a 3.2% premium. The share price ended the year […]

• 16 Oct 2018 1 min read

  3i Infrastructure moves tax residence to the UK

  3i Infrastructure moves tax residence to the UK –  following the introduction of the BEPS (Base Erosion and Profit Shifting) tax rules, and in order to mitigate the risk of tax leakage for the company, the board of 3i Infrastructure (3IN) announced its intention to move the tax domicile and management of the company to the UK with effect […]

• 27 Jul 2018 2 min read

  3i Infrastructure buys Tampnet stake

  3i Infrastructure buys Tampnet stake – 3i Infrastructure will invest approximately EUR220 million for the acquisition of a stake in Tampnet AS, the leading independent offshore telecoms network operator in the North Sea and the Gulf of Mexico. 3i Infrastructure is investing in a consortium with Danish pension fund ATP, with each party acquiring up to 50% […]

• 03 Apr 2018 2 min read

  3i Infrastructure makes investment in Attero

  3i Infrastructure makes investment in Attero – 3i Infrastructure will invest €201m to acquire a 50% stake in Attero, one of the largest waste treatment and disposal companies in the Netherlands. 3i Infrastructure will invest alongside DWS’s infrastructure investment business (formerly Deutsche Asset Management) to acquire Attero from Waterland, a Dutch private equity fund. 3i […]

• 05 Mar 2018 1 min read

  3i Infrastructure funds Infinis investment in Alkane Energy

  3i Infrastructure funds Infinis investment in Alkane Energy – 3i Infrastructure intends to increase its investment in Infinis by c. £125 million to fund Infinis’s acquisition of Alkane Energy, an independent power generator from both coal mine methane and reserve power operations and the largest generator from coal mine methane in the UK. Completion is […]

• 21 Feb 2018 1 min read

  3I Infrastructure Board approves payment of the proposed special dividend

  3I Infrastructure Board approves payment of the proposed special dividend.  Further to the announcement made on 31 January 2018 of the Company’s intention to return surplus cash to shareholders, the Board of 3i Infrastructure (3IN LN) has approved the payment of  a special dividend of £425 million. The Company will return £425 million to shareholders by […]

• 27 Dec 2017 2 min read

  3i Infrastructure tops up WIG investment

  3i Infrastructure tops up WIG investment – 3i Infrastructure has agreed to increase its investment in Wireless Infrastructure Group (“WIG”) and to acquire the stake owned by Barings LLC’s client accounts. The expected investment by 3i Infrastructure is GBP186m which will take 3i Infrastructure’s ownership of WIG to 91% of the equity with the balance […]

• 22 Dec 2017 1 min read

  3i Infrastructure refinances ESVAGT

  3i Infrastructure refinances ESVAGT – 3i Infrastructure plc has successfully completed a EUR 376 million refinancing of ESVAGT. The refinancing comprises bank and institutional tranches with a spread of maturities of up to 10 years, as well as associated capex and revolving credit facilities. In conjunction with the refinancing, 3i Infrastructure and its ESVAGT co-shareholder, AMP Capital, […]

• 18 Dec 2017 2 min read

  3i Infrastructure sells Anglian Water stake

  3i Infrastructure sells Anglian Water stake – 3i Infrastructure has agreed to sell its stake in Anglian Water Group, the parent company of Anglian Water, the supplier of water and water recycling services to over six million domestic and business customers in the east of England and Hartlepool.  The acquirer is a consortium of Dalmore Capital […]

• 13 Dec 2017 2 min read

  3i Infrastructure gets bid for Elenia

  3i Infrastructure gets bid for Elenia – In a statement released on 12 December, 3i Infrastructure said “Further to recent speculation, the board of 3i Infrastructure plc confirms that bids have been received from potential acquirers of Elenia.  These bids are currently being considered by the company and the other shareholders in Elenia.  The company […]

• 27 Jun 2017 3 min read

  3i Infrastructure considering sale of Anglian Water

  3i Infrastructure considering sale of Anglian Water. The Board of 3i Infrastructure plc says it notes the press speculation regarding a potential sale of its interest in Anglian Water Group. The company confirms that it is considering options in relation to its holding in Anglian Water which is held through 3i Osprey LP, a partnership […]

• 11 May 2017 3 min read

  3i Infrastructure invests £479m in year to end March

  In what seems like record time (less than six weeks) , 3i Infrastructure has today published its results for the year ended 31 March 2017. The chairman says that the company has had a strong year, completing six new investments totaling GBP479 million, executing a successful capital raise and delivering their target dividend of 7.55 pence per share for […]

• 06 Mar 2017 1 min read

  3i completes the sale of 3i Debt Management to Investcorp

  3i has announced that it completed the sale of 3i Debt Management to Investcorp. The transaction generates total cash proceeds to 3i of £270 million, of which £34 million relates to the repayment of loans provided to 3i Debt Management to fund two CLO warehouses, and an exceptional profit on disposal of £47 million, which […]

• 03 Nov 2016 1 min read

  3i Infrastructure on track as it deploys its cash pile

  3i Infrastructure says it generated a total return of GBP74 million in the six months to 30 September 2016, or 5.0%, in line with its target of 8% to 10% per annum to be achieved over the medium term. Foreign exchange movements in the period, following the depreciation of sterling, contributed 1.2% to the total return. […]

• 31 Oct 2016 2 min read

  3i Infrastructure buys Infinis

  3i Infrastructure plc has signed an agreement to invest approximately £185m to buy 100% of Infinis plc and its subsidiaries. These own the landfill gas (“LFG) interests of the Infinis Group. Infinis is the leading generator of electricity from LFG in the UK. LFG is a naturally occurring product resulting from the decomposition of organic […]

• 17 Oct 2016 1 min read

  10 YEARS OF PA: The birth of infrastructure funds, to property in turmoil

  The investment company sector has changed considerably over the past ten years, as back in October 2006 we were still enjoying the dying days of the credit boom. read more here

• 05 Oct 2016 2 min read

  3i Infrastructure investing €6.5m in the A27/A1 motorway in the Netherlands

  3i Infrastructure has announced that it has committed to invest €6.5m in the A27/A1 primary Public Private Partnership project in the Netherlands. The company is investing as part of a consortium, 3Angle B.V. (3Angle), which also comprises Heijmans Capital (a joint venture between Heijmans and 3i Infrastructure) and Fluor Infrastructure. This investment is 3i Infrastructure’s […]

• 28 Jul 2016 6 min read

  F&C Managed Portfolio beats benchmark despite widening discounts

  F&C Managed Portfolio reports that, for the company’s financial year to 31 May 2016, the NAV total return (i.e. adding dividends paid to capital performance) was -4.8% for the Income shares and -4.5% for the Growth shares which represented outperformance against the -6.3% total return for the FTSE All-Share Index, the benchmark index for both […]

• 14 Jul 2016 1 min read

  3i Infrastructure makes investment in renewable energy company

  3i Infrastructure has signed an agreement to invest approximately EUR69m, subject to completion adjustments, in Valorem. Headquartered in Bègles, France, Valorem is a leading independent renewable energy development and operating company. 3i Infrastructure will acquire a 28.5% interest in Valorem and provide further capital to the company through a subordinated debt instrument with the remaining […]

• 12 May 2016 2 min read

  3i Infrastructure is raising £350m to fund new investments

  Following the release of its interim results, 3i Infrastructure has announced the launch of £350m capital raising, by way of an open offer, placing and intermediaries offer. The company says that the proceeds to be used to fund the completion of its investments in Wireless Infrastructure Group and TCR, totalling approximately £230m, and to make […]

• 29 Apr 2016 2 min read

  3i Infrastructure announces two new investments

  3i Infrastructure has today announced two new investments – a €200m investment in TCR, Europe’s largest owner of aircraft ground support equipment and a €5m investment in a PPP backing the regeneration of Hart van Zuid in the Netherlands. 3I Infrastructure will invest approximately €200m, subject to completion adjustments, in TCR, in a consortium with Deutsche […]

• 07 Apr 2016 1 min read

  3i Infrastructure to acquire 36% of Wireless Infrastructure Group for £75m

  3i Infrastructure has announced that it has signed an agreement to acquire a 36% economic interest in Wireless Infrastructure Group, investing approximately £75m and joining existing majority shareholder Wood Creek Capital Management and the management team as shareholders. Completion of the transaction is conditional only upon receiving clearance from the European Commission under the EU […]

• 28 Jan 2016 2 min read

  F&C Managed Portfolio beats UK market

  F&C Managed Portfolio Trust has published interim results for the six months ended 30 November 2015, announcing a net asset value total return of -5.1% for the Income shares and -2.4% for the Growth shares compared to the FTSE All-Share Index return of -6.4%. The key drivers of the performance of the Growth Portfolio were […]

• 06 Nov 2015 1 min read

  3i Infrastructure’s Finnish electricity business boosts returns

  3i Infrastructure has published interim results covering the six month period that ended on 30 September 2015. It generated a total return on net assets of 6.5% over the period (adjusting for the payment of a special dividend at the end of July). The interim dividend is 3.625p – in line with their objective of […]

• 21 Aug 2015 1 min read

  3i Infrastructure invests in offshore transmission project

  3i Infrastructure is investing £23m to take a 50% stake in the West of Duddon Sands offshore transmission project. The vendors are Dong Energy and Scottish Power Renewables. The remaining equity in the project will be acquired by Macquarie Capital. The consortium was selected as preferred bidder following a competitive tender run by Ofgem in July 2014. The project […]

• 07 Jul 2015 1 min read

  3i Infrastructure in deal to buy North Sea rescue and response business

  3i Infrastructure and AMP Capital will jointly acquire 100% of Danish company ESVAGT from Maersk Group.  3i Infrastructure will be investing approximately £109m for a 50% interest in ESVAGT and will have an equal shareholding with AMP Capital. Headquartered in Esbjerg, Denmark, ESVAGT is a leading provider of emergency rescue and response vessels and related […]

• 12 May 2015 1 min read

  3i Infrastructure planning return of capital

  3i Infrastructure’s results for the year ended 31 March 2015 demonstrate the positive impact on the business from their sale of Eversholt Rail. The total return on net assets for the period was 24.6%. The dividend is upped from 6.7p to 7p and a 17p special dividend is planned for July. They plan to pay a […]

• 20 Feb 2015 1 min read

  3i Infrastructure buys Benelux oil tanking business

  3i Infrastructure is paying €111m for a 45% interest in Oiltanking Terneuzen B.V. in the Netherlands and Oiltanking Ghent N.V. in Belgium. The Oiltanking companies provide storage and related services for refined oil products, chemicals and biofuels.  Both companies provide essential services and benefit from locations, facilities and operational capabilities that give them strong appeal […]

• 20 Jan 2015 1 min read

  3i Infrastructure to sell Eversholt Rail Group for net proceeds of £358m

  3i Infrastructure has announced an agreement to sell its stake in Eversholt Rail Group, to CK Investments S.A R.L., generating net proceeds of £358m. At 48.7%, this is a significant uplift on the  30 September 2014 valuation of £240.8m. The transaction is expected to close in March 2015. Eversholt is one of three leading rail stock companies in […]

• 14 Nov 2014 1 min read

  3i Infrastructure completes French prison deal

  3IN : 3i Infrastructure completes French prison deal 3i Infrastructure has announced that the deal to build a new prison, La Sante, in Paris, that was referred to in its recent interim statement, has now been completed. It will invest €11.7m to take an 80% stake in the project. The La Santé primary PPP project (the […]

• 06 Nov 2014 1 min read

  3i Infrastructure makes 10% in first half

  3IN : 3i Infrastructure makes 10% in first half Strong performance from 3i Infrastructure’s European portfolio and rolling stock investments helped drive a 10.6% return on net assets for the fund for the six months that ended on 30th September. 3i Infrastructure holds two rail rolling stock investments – Eversholt Rail and XLT. Strong competition […]

• 09 May 2014 1 min read

  3i Infrastructure: 3IN – full year results

  3i Infrastructure has published its results for the year ended 31 March 2014. Over the year it generated a total return on net assets of 6.6% (the NAV went to 126.4p from 123.0p and the dividend for the year is 6.7p). Good performance from their investments in Europe was offset by further disappointment in India […]

• 31 Mar 2014 1 min read

  3i Infrastructure : 3IN – new investment

  3i Infrastructure has made a £13.1m commitment to buy a 25% interest in the Mersey Gateway Bridge project a new six lane toll bridge over the Mersey between the towns of Runcorn and Widnes – See more at: www.merseygateway.co.uk

• 12 Feb 2014 1 min read

  3i Infrastructure : 3IN – management changes

  3i Infrastructure has announced that Cressida Hogg is leaving 3i at the end of march “to pursue a senior role outside the group”. Phil White and Ben Loomes will be appointed co-managing partners of the infrastructure business and Neil King will become a Senior Partner.

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In The Press

• 07 Oct 2024 1 min read

  When will these high-income investment trusts recover?

  by Jennifer Hill from interactive investor, 7th October 2024: For income-seeking investors, the attraction of allocating to traditional infrastructure or renewable energy was clear: long-term, stable revenues that are often government-backed and inflation-linked. However, as interest rates rocketed and demand for alternative sources of income plummeted, these investment trust sectors seriously sold off, causing share prices to plunge […]

• 15 Aug 2024 1 min read

  JLEN Environmental Assets sells off £68m in assets to pay debts and launch share buyback

  Elliot Gulliver-Needham, Investment Reporter, CityAM, 15 August 2024: JLEN Environmental Assets Trust has sold off half of its anaerobic digestion portfolio to Future Biogas for £68.1m. The trust, which invests in environmental infrastructure assets, sold the facilities at their June valuation. After the deal, it will continue to own the other 49 per cent of […]

• 19 Jan 2024 1 min read

  Infrastructure trusts in ‘uncharted territory’

  by Val Cipriani, Investors Chronicle, January 16, 2024: Infrastructure trusts are facing a “complex and time-consuming” process of handing back assets to the government, as a number of the projects they invest in approach their expiry date. Some trusts also have the added difficulty of replacing assets built through public private partnerships (PPP) and could […]

• 13 Nov 2023 2 min read

  Why it’s a good time to invest in infrastructure

  David Brenchley, The Times, Saturday November 11 2023: Infrastructure is all around us. From hospitals, schools and roads to the wind and solar farms that are used to power our lives. This omnipresence and the long-term need to build more of these assets have made infrastructure investment trusts popular. These trusts pool investors’ cash to […]

• 20 Apr 2023 1 min read

  Delving into the dividend: nine income trusts delivering top total returns

  by Kyle Caldwell from interactive investor, 19th April 2023: There are sound reasons to look beyond ‘dividend hero’ investment trusts, as this research shows. Many investors like to buy funds and investment trusts that invest in dividend-paying companies or income-producing bonds… Investors should look beyond the dividend heroes However, investors should not just simply stick […]

• 05 Apr 2023 1 min read

  Infrastructure trusts ‘cheaper than they should be’

  By Val Cipriani, Investors Chronicle, April 4, 2023: Social and economic infrastructure trusts continue to trade below their net asset value (NAV) despite an encouraging set of financial results, as worries over interest rates and valuations spooked investors. In the month to 31 March, share prices in the Association of Investment Companies’ infrastructure group dropped […]

• 12 Jul 2022 1 min read

  Why these defensive investments will continue to deliver

  Sam Benstead from interactive investor, 12th July 2022: Amid a sea of red this year, one sector is flashing green: infrastructure and renewables. Investors have had very few places to hide this year, as higher interest rates and inflation spark an exodus from the stock market. Year-to-date, US shares have fallen around 20% (S&P 500 […]

• 28 Feb 2022 1 min read

  Investment trust insider on discount rates

  Investment trust insider on discount rates – James Carthew: Inflation fears weigh on some income trusts Recent market turmoil has affected the ratings of a number of funds. Within my portfolio, one of the more peculiar de-ratings is that of Hipgnosis Songs Fund (SONG), which now looks to trade on an 8% discount to net […]

• 25 Oct 2021 1 min read

  Investment trust insider on two new infrastructure funds

  Investment trust insider on two new infrastructure funds – James Carthew: Alinda, Pantheon are good additions to booming infrastructure Governments around the world see infrastructure investment as a way of injecting new life into their economies in the wake of the disruption of the pandemic. Couple that with the investment needed to meet their promises […]

• 09 Jan 2019 1 min read

  Investment Trust Insider on 2018

  Investment Trust Insider on 2018 – Lindsell Train leads best and worst investment trusts of 2018 (NB the headlines are devised by Citywire!!) 2018 is attracting headlines as the worst year for markets since 2008. However, for the investment trust industry, there was much to celebrate. This was certainly the case for the new issue market […]

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