07 Sep 2005
3i expands European Buyout team further with German hire
Frederik joins 3i from private equity firm Permira where he has spent over nine years in their Frankfurt office in the emerging German buyout market across various industry sectors. He has been involved in several Continental European acquisitions including Austriamicrosystems, Leica Microsystems, Single Temperiertechnik and Hofmann Menü.
Frederik began his career in the High-Tech and Automotive industry at Balzers. He has also held management responsibilities in the engineering and Automotive sector with ABB, and Aeroquip.
Jonathan Russell, head of 3i European Buyouts said: "With his extensive international experience in mid-market buyouts (German "Mittelstand") Frederik is a valuable addition to our team."
Notes to editors
About 3i
3i is a world leader in private equity and venture capital. We focus on buyouts, growth capital and venture capital and invest across Europe, in the United States and in Asia. Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders. www.3i.com
3i''s European Buyout Business
The 3i European Buyout Business is a leader in the European mid-market. Managing over €3.5bn invested in over 100 companies across Europe, the business invests in all sectors, with a particular focus on media, healthcare and business support services. Some recent investments include NCP - UK - £555m, Keolis - France - €540m - passenger transport, Betapharm - Germany - €300m - pharmaceuticals, Hobbs - UK - €158m - women''s fashion retailer and Crown Media - pay TV channels - €185m. Some recent successful exits include Westminster Healthcare - UK - €751m, Pinewood Shepperton flotation - UK - €75m, and Travelex - UK foreign exchange service - £1bn, YBR Group sale - directories business - €1.8bn.