3i Group (ticker: III) was founded in 1945 as the Industrial and Commercial Finance Corporation to provide funds for smaller UK companies. It joined the London market in 1994, but its shareholders endured a rocky first fifteen years, with strong gains in the TMT boom and in the run-up to the financial crisis, followed in both cases by sharp drawdowns. A rescue rights issue in 2009 put 3i's finances on a firmer footing. Then, in 2012, Simon Borrows was appointed as its CEO, and he streamlined both the business and its investment approach. In 2011, 3i invested in a Dutch discount retailer called...
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3i Group (ticker: III) can trace its roots back to 1945 although it didn't join the London market until 1994. Initially focused on UK private equity, it has expanded over the years into northern Europe, North America, and infrastructure. But it's not given its shareholders an easy ride, slumping in the early 2000s after dashing into technology stocks and sliding again in 2009 when it become overindebted in the run-up to the global financial crisis. Simon Borrows became 3i's CEO in 2012 and has transformed the trust's prospects, cutting offices and headcount and also concentrating its portfolio...
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