Exits

3i chief Simon Borrows hopes measures including office closures and 160 redundancies will revive the business' share price and pave the way for a return to third party fundraising.

The 3i Group will aim to diversify by adding to its infrastructure and debt management business after releasing a management statement showing another turbulent year.

In its pre-close trading update for the year to 31 March 2012, 3i Infrastructure – headed by Cressida Hogg (pictured) - has hailed strong performance from its European portfolio while describing ‘challenging’ market conditions in India.

Bilfinger Berger Global Infrastructure has announced the purchase of 13 assets bought from parent company Bilfinger Berger. The assets span Europe and North America.

The recent collapse of Hungarian airliner Malev, which accounted for some 37% of Budapest Airport’s annual business, could trigger a compensation claim from the airport concessionaire of up to $3.6bn. Hochtief owns 49.7% of Budapest Airport.

The US Department of Transportation has earmarked another $500m in grants for transportation projects, including public-private partnerships.

More exits, fewer deals and careful portfolio management in the face of macro uncertainty were the main themes conveyed during 3i's recent earnings call.

In its latest six-monthly results statement, the London-listed infrastructure investment firm saw mark-to-market declines and foreign exchange losses hit its return figures. But the fund delivered strong portfolio income, and said 81% of its portfolio was ahead of budget in performance terms.

The HSBC spinout has managed to raise an extra $200m from investors to close what it is calling ‘the largest fund ever raised that focuses solely on greenfield infrastructure’. The vehicle has already committed more than $400m to a raft of projects.

Citadel Capital has experienced turmoil this year, and while this week's second quarter results showed a net loss of $4.2m, a rights issue has helped bring the group back onto an even keel.