×
466
Fashion Jobs
NIKE
Lead Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
PENNAR INDUSTRIES
Sales Manager - Solar Panel
Permanent · Hyderabad
ADIDAS
Manager Information Security
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant
Permanent · GURUGRAM
ADIDAS
Senior Manager Information Security
Permanent · GURUGRAM
ADIDAS
Manager Information Security
Permanent · GURUGRAM
DANIEL WELLINGTON
IT Support Specialist
Permanent · NAVI MUMBAI
NIKE
Manager, Product Management, Partners & Marketplace Engineering – Tpmo
Permanent · Bengaluru
BAJAJ FINANCE
Area Sales Manager
Permanent · Bengaluru
CHAMPION JOINTINGS
Area Sales Manager - Banglore - Coimbatore - Chennai
Permanent · Mumbai
CHAMPION JOINTINGS
Area Sales Manager - Hyderabad - Vishakapatnam
Permanent · Mumbai
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Begusarai
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Begusarai
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Sukma
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Bihariganj
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Jehanabad
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Sitamarhi
DIAMOND WHITE CEMENT PVT. LTD.
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Shimla
DIAMOND WHITE CEMENT
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Jharsuguda
RELIANCE RETAIL
Hiring Territory Sales Manager - Ajio Business - Mangalore
Permanent · Mangaluru
DEC0T0UCH PAINTS LIMITED
Area Sales Manager/ Sales Officer/ Sales Manager- Paints & Putties
Permanent · Kushinagar
By
Reuters
Published
Jul 18, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hobbs owner sees pick up in investment opportunities

By
Reuters
Published
Jul 18, 2013

LONDON, England - Britain's 3i said on Thursday it had seen a pick up in investment opportunities in the United States and northern Europe and said it would boost payouts to shareholders.

3i, owner of women's fashion chain Hobbs and Tommee Tippee baby bottle maker Mayborn, has spent the last year restructuring following shareholder frustration at its poor share price performance and weak results from its buyout business.

The group has completed or announced 443 million pounds ($672.2 million) of divestments in the three months to June 30.

In May, for example, it sold UK software provider Civica to OMERS Private Equity, while the same month it reduced its stake in drug research company Quintiles via a listing in New York.

Chief Executive Simon Borrows said: "We have started to see a pick up in interesting investment opportunities across our private equity platform, particularly in the United States and more recently in Northern Europe."

Finance Director Julia Wilson told reporters 3i was particularly looking at U.S. businesses with a European angle, and countries and sectors it has had a good previous track record such as Germany, and industrials.

The group's net asset value grew 5 percent to 326 pence per share in the last three months.

Gross debt at the end of the quarter was 913 million pounds, meeting its target of getting it below 1 billion pounds by June.

As a result of this, and the fact gearing is below 20 percent, 3i said it plans to distribute between 15 and 20 percent of gross proceeds from its divestments to shareholders. It said so far it had 665 million pounds available to distribute.

Shares in 3i, which have risen more than 70 percent since the start of the year, were down 0.3 percent at 380.3 pence by 0714 GMT

© Thomson Reuters 2022 All rights reserved.