New 3i chairman buys

3i's new chairman has acquired his first shares in the private equity company since joining the board.

Sir Adrian Montague bought 10,000 shares at 279.2p each, for a total cost of £27,920.

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Investment in the second quarter of 2010 totalled £105m, compared to £79m in the second quarter of 2009. Of the £105m invested, £70m was pumped into the existing portfolio with the remainder going into the group's first investment in French acute care company Vedici.

Realisation proceeds (excluding funds managed or advised by 3i) were £79m, versus £163m a year earlier. The sale of Kneip, which provides services to asset managers, generated £29m.

Realisations exclude the partial realisation of testing and inspection firm Inspicio, which is being acquired by Bureau Veritas. The deal was signed in the period will not complete until the end of the summer, generating proceeds of around £120m.

At the end of June the group had cash, cash deposits and undrawn committed facilities of £2.36bn, down from £2.73bn at the end of the first quarter.

Top Director Buys

3i Group (III) Director name: Sir Adrian Montague CBEAmount purchased: 10,000 @ 279.20p Value: £27,920

Scientific Digital Imaging (SDI) Director name: Mr Kenneth FordAmount purchased: 75,000 @ 27.00p Value: £20,250

Centaur Media (CAU) Director name: Mr Christopher SatterthwaiteAmount purchased: 95,942 @ 20.75p Value: £19,908

Top Director Sells

Andor Technology (AND) Director name: Mr Conor WalshAmount sold: 45,700 @ 280.00p Value: £127,960

Young & Co's Brewery 'A' (YNGA) Director name: Mr Peter WhiteheadAmount sold: 10,000 @ 507.52p Value: £50,752

Andor Technology (AND) Director name: Mr Conor WalshAmount sold: 4,300 @ 280.00p Value: £12,040

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