3i creates £1bn proceeds in six months

The European private equity firm has reported realisations of £1.04 billion in the first six months of its financial year, almost double the £603 million realised in the same period of 2004.

London-listed private equity firm 3i said today that new investment and realisations had accelerated in the six months to September 30. It also said that the second half of its financial year had started positively.

3i announced that, in total, it invested £706 million (€1.04 billion; $1.23 billion) in the period, compared with £422 million in the same period in 2004.