LONDON (ShareCast) - Simon Borrows, the Chief Executive of 3i Group, the international investor focused on mid-market private equity, this week bought 2.5m 3i shares in three tranches.

The three tranches consisted of 550,000 shares purchased at 308.22p, 374,809 at 312.38p, and 1.6m at 305.84p. Altogether the purchases cost him £7.68m.

At the end of January the company posted a 4.8% increase in its net asset value to £2.86 per share during the three months ended December 31st.

Gross debt as at December 31st 2012 reduced to £1,212m (September 30th 2012: £1,249m), following early repayments and market purchases of £55m in the quarter.

However, macroeconomic conditions continued to be difficult, and this led to some softening of earnings in the period, the group said.


Top Director Buys

3i Group (III)
Director name: Mr Simon Borrows
Amount purchased: 1,575,191 @ 305.84p
Value: £4,817,564

3i Group (III)
Director name: Mr Simon Borrows
Amount purchased: 550,000 @ 308.22p
Value: £1,695,210

3i Group (III)
Director name: Mr Simon Borrows
Amount purchased: 374,809 @ 312.38p
Value: £1,170,828

Renold (RNO)
Director name: Mr Robert Purcell
Amount purchased: 500,000 @ 25.00p
Value: £125,000

Banco Santander SA (BNC)
Director name: Ms Isabel Tocino Biscarolasaga
Amount purchased: 15,000 @ 490.54p
Value: £73,581

Craneware (CRW)
Director name: Mr Keith Neilson
Amount purchased: 12,800 @ 395.00p
Value: £50,560


Top Director Sells

Hiscox Ltd. (HSX)
Director name: Mr Bronek Masojada
Amount sold: 206,104 @ 511.00p
Value: £1,053,191

Hiscox Ltd. (HSX)
Director name: Mr Robert Childs
Amount sold: 206,104 @ 510.00p
Value: £1,051,130

Hiscox Ltd. (HSX)
Director name: Mr Stuart Bridges
Amount sold: 154,578 @ 510.00p
Value: £788,348

CSR (CSR)
Director name: Mr Chris Ladas
Amount sold: 87,600 @ 429.66p
Value: £376,382

New Europe Property Investments (NEPI)
Director name: Mr Desmond de Beer
Amount sold: 1,701 @ € 5.34
Value: €9,078

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