News Column

United Kingdom : 3i promotes 10 investment professionals in its Private Equity business

May 21, 2014

3i, the leading international investor focused on mid-market private equity, infrastructure and debt management, is pleased to announce it has promoted 10 investment professionals in its Private Equity business. These are comprised of 3 Partners, 3 Directors, 3 Associate Directors and 1 Senior Associate.

Partners: Xavier de Prevoisin, France Richard Relyea, North America Pete Wilson, UK

Directors: Guillaume Basquin, France Giovanna Maag, Germany Olivier van Riet Paap, Benelux

Associate Directors: Alexandre Chaton, France Andreas Gold, Germany Allard Jacobs, North America

Senior Associate: Javier Onieva, Spain

In addition, Joy McCormack has been promoted to Director of our Business Leaders Network which connects our businesses with exceptional Executive & Non-Executive talent across the globe. Furthermore, over the past 6 months, 3i has added 5 new Associates to its Private Equity business across the UK, Germany, Benelux and Sweden.

This news follows a successful year for 3i s Private Equity business which made three new investments in GIF (Germany), Basic-Fit (Benelux) and JMJ Associates (UK / North America) and a further investment into Scandlines (Nordics), together with 15 bolt-on acquisitions across the portfolio. In the year to 31 March 2014, the Private Equity business delivered a 30% gross investment return across Europe and North America and generated 1.1bn of proceeds for 3i and funds managed by 3i.

Menno Antal and Alan Giddins, Managing Partners and co-heads of Private Equity, commented: "We are delighted to be promoting a number of our colleagues in recognition of their contribution to the Private Equity business. We have had a very successful year, in which we ve made several new investments and numerous bolt-on acquisitions across the portfolio. In addition, we ve had a number of good realisations, including the sales of Xellia, Civica and Trescal and the IPO of Quintiles. We continue to focus on identifying attractive investment opportunities across our core sectors and geographies and to working with our portfolio company management teams to build further value in their businesses."

3i is a leading international investment manager focused on mid-market Private Equity, Infrastructure and Debt Management across Europe, North America and Asia.

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Source: TendersInfo (India)