3i hires three Private Equity Investment Professionals
3i is pleased to announce it has appointed three investment professionals to its Private Equity business across Europe and North America:
- Christoph Rinnert has joined the Frankfurt team, as a Senior Associate, from Rothschild where he was an Associate in their M&A team. He also brings experience from PwC’s Advisory Transactions & Strategy Technology team where he was a Senior Consultant t
- Michael Bernard joined 3i’s New York investment team as an Associate from Morgan Stanley where he was a member of the Healthcare group.
- Rutger Vos has joined the Benelux team in Amsterdam as an Associate. Prior to joining 3i, Rutger worked in J.P. Morgan’s Benelux M&A team in London.
These appointments follow a successful 2014 for 3i’s Private Equity business, which invested €0.5 billion and generated realisation proceeds of €1.2 billion, on behalf of 3i and funds managed by 3i, during the year.
These investments included Dynatect, a US headquartered leading manufacturer of engineered, mission critical protective equipment; Q Holding, a US headquartered leading global manufacturer of highly engineered, precision moulded rubber and silicone components; and Christ, a German headquartered jewellery retailer.
In addition, 3i completed 25 bolt-on acquisitions across 11 of its portfolio companies during the year.
3i also took advantage of market conditions to selectively realise and refinance a number of portfolio businesses including the 2.3x sale of Hilite, the German headquartered automotive supplier, to AVIC; the 2.1x sale of Vedici, a leader in private acute care in France, to CVC; and the €840m refinancing of Action, the international non-food discount retailer headquartered in the Netherlands.
Menno Antal & Alan Giddins, Managing Partners and co-heads of Private Equity, commented:
“We’re delighted to welcome our new team members to 3i. These appointments are across some of our core markets and reflect our focus on finding attractive opportunities in Europe and North America.”
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For further information, contact:
3i Group plc
Kathryn van der Kroft
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com
Notes to editors:
About 3i Group
3i is a leading international investment manager focused on mid-market private equity, infrastructure and debt management across Europe, Asia and North America. For further information, please visit: www.3i.com