Britain's largest private equity company 3i

Group to evacuate Shanghai and Hong Kong By the financial crisis, the United Kingdom's largest private equity fund 3i is considering its Shanghai and Hong Kong offices removed, the only office in Beijing. But did not disclose the specific arrangements.
3i Group said that the immediate priority is to focus management 10,000,000,000 pounds worth of assets, at the same time prepare for when market conditions improve opportunities. But last Tuesday, 3i's share price in the market worried about a sharp reduction in the size of 13% to 2.43 pounds more than its peak of 17.7 pounds shrunk 86 percent, even below the 1994's, when the company's IPO issue price of 2.72 pounds.
As of today, although investors will still be regarded as 3i private equity investment in the field of resistance to most of the companies, but the credit crisis of the entire private equity industry against too heavy, with the depreciation of assets and bank lending for new financing transactions Funding has become more and more difficult.
Most analysts believe, 3i Group, is facing a serious devaluation of the portfolio as well as over-borrowing. Only through the cessation of new investment projects to speed up the sale of existing assets, and other means to raise cash to ride out the storm. 3i and the situation of the book shows that its net debt of up to 1,800,000,000 pounds, almost half of the net assets.
In general, the listed private equity company's ratio of assets and liabilities are relatively low, most of them are in the hands of the HP company holding large amounts of cash. If 3i suspend all new investment, while the issue of control may also be a time when efforts to restore the cash flow, perhaps in 2010 to 2011 between the resumption of healthy carriers.
This, 3i Group, announced that its business remains strong, as long as the health of the business channels, you can find one after another interesting investment opportunities.
In the 2007 fiscal year, 3i of the total rate of return on investment reached 18.6 percent, and assets under management rose 37%. However, according to 3i last month released the medium-term financial year (ending on September 30), the investment amounted to 668,000,000 pounds, a loss of 182,000,000 pounds, compared with the same period last year profit 512,000,000 pounds, which is 3i since 2003 The loss for the first time.
In the Chinese market, 3i said in a statement on many occasions stressed the "concentrate its resources on the most successful", it said it would "invest in China's best projects", especially consumer goods, health care, oil and gas, and industrial, commercial The service sector.
Since 2003, 3i has invested in China, only 300,000,000 U.S. dollars, its investment in case there are small Fei Yang and Focus Media.