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.
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.
Today 3i Group is one of the largest publicly traded capital groups in the world, operating worldwide with €1.3bn 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 and Young) that it did not need to, based on its structure.
3i is a world leader in private equity and venture capital, focusing on buyouts, growth capital and venture capital and investments across Europe, the US and Asia Pacific.
3i is to launch an investment fund worth hundreds of millions of pounds to encourage firms to exploit North Sea Oil reserves that they have previously abandoned.
Integral to 3i's strategy is the ability to use their network to generate market-beating returns at each stage of the investment lifecycle: origination of the investment opportunity, developing and validating the business case, structuring and making the investment, implementing the operational plan for the business, and exit.
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