Offer comes at a premium to NAVReturn equals 3.5 times investmentFull-year dividend hike confirmedFTSE 250 private equity investment trust 3i Infrastructure (3IN) announced it had received a binding offer for its 33% stake in European independent renewable energy firm Valorem at a premium to book value.The shares added 3p or 0.8% to 344p, bringing gains over the last year to around 20% against...

Stock prices in London opened mixed on Thursday while European counterparts were in the green, amid news that the UK economy flatlined monthly in June amid investor caution before the general election in July.The FTSE 100 index opened up 8.31 points, or 0.1%, at 8,289.36. The FTSE 250 was down 41.98 points, or 0.2%, at 20,910.54, and the AIM All-Share was down 0.87 points, or 0.1%, at...

3i Infrastructure (3IN) 342.5pGain to date: 8.7% When we recommended buying into private equity firm 3i Infrastructure (3IN) last summer at 315p we flagged the undervaluation of its portfolio, as shown by the sale of Dutch waste treatment and recycling firm Attero for more than 30% above its most recent valuation and 2.7 times the purchase price.We stuck with our call even when the shares...

3i Infrastructure (3IN) 305pLoss to date: 3.2%We recommended buying investment trust 3i Infrastructure (3IN) on the strength of its portfolio, which is made up of companies providing 'must-have' services not just 'nice-to-haves', and its ability to add value to those businesses and monetise the investments when the opportunity arises.WHAT HAS HAPPENED SINCE WE SAID TO BUY?The company has...

It has not been an easy decade to be a fund manager. Brexit, a global pandemic, the largest war in Europe for a generation and an inflation crisis have punctuated a 10-year period which has seen significant market volatility. However, steering investors' money through difficult waters is how a good fund manager earns their corn.Using FE Analytics' platform, Shares has crunched the numbers to...

- Dutch retailer provides bulk of the valuation uplift- Market reaction suggests shares fairly priced- Listed infrastructure business a small dragThe UK's largest listed private equity firm, £17 billion market-cap 3i Group (III), posted an impressive return for the year to March thanks to a standout performance from its largest investment.However, after a 30% rally year-to-date, the shares...