3i Chief Adds To Holdings Of Firm

Feb 28 2013 | 10:56am ET

3i Group CEO Simon Borrows has built himself a tidy stake in his private equity firm.

Borrows, who took over at the London-based firm in May, bought up 2.5 million 3i shares between Feb. 22 and Feb. 26, according to a regulatory filing. The purchases give Borrows 8.2 million shares in 3i, or a 0.8% stake.

Borrows became CEO amidst shareholder frustration over 3i's poor results. Shortly after he took over, he spent nearly £7 million buying up shares, and has been handsomely rewarded, with the stock rising more than 80% since then. He's also received shares as part of his incentive scheme.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note