RBC Capital reaffirmed their sector performer rating on shares of 3i Group plc (LON:III) in a report released on Friday. RBC Capital has also modified their ratings on a number of other stocks in the few days.
3i Group, and funds managed by 3i invested in Vedici in 2010. The Company has grown significantly under 3i's ownership, increasing its market share to become the fourth largest provider of private acute care in France. Vedici now operates a total of c ...
As at October 2, 3i Group traded at a premium of 7.1%, according to Numis. According to trade body LPEQ, the average discount to NAV across the European listed private equity sector reached its deepest level - 71% - on March 10, 2009.
The practice of private equity firms branching out into new areas, such as credit or infrastructure, is more popular than ever. But GPs should carefully consider their strategy for diversifying, or risk the possibility of alienating their LPs.