3i
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| 3i plc | |
| Image:3i logo.gif | |
| Type | Public company |
|---|---|
| Founded | 1945 (created by a syndicate of British banks) |
| Headquarters | London (England) |
| Key people | Baroness Hogg, Chairman Philip Yea, CEO |
| Website | www.3i.com |
Contents |
[edit] About
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 €1.3bn 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 & 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.
Jamie Paton is the head of North Asia since 2000. He joined the company in 1987 and has been in offices in Glasgow, Newcastle, Liverpool and now Hong Kong.
The company currently employs 750 people.
