20 Jul 2011
3i reinforces commitment to China with senior appointment
His appointment reinforces 3i’s commitment to the Chinese market and its importance within 3i’s international investment strategy.
Based in Beijing, Paul will be focused on investment origination and execution and will report into Bob Stefanowski, Chairman 3i Asia and the Americas. He brings extensive financial management and transaction experience gained in the US and China, having worked with a number of private and stated-owned enterprises across a broad range of sectors, including energy, consumer, healthcare, real estate, technology and industrial, and joins the company as it continues to further grow and develop its business in China.
Paul joins 3i following 10 years with Credit Suisse, based in Hong Kong, Shanghai, and Beijing, most recently as Managing Director and Vice-Chairman of Greater China, Investment Banking Department, where he was responsible for originating and executing transactions, as well as managing client relationships. His previous positions at Credit Suisse include Co-Head of Greater China DIS (Diversified Industries and Services), Head of China Industrials and Head of China Energy in the Investment Banking Department. Paul has a depth of transaction experience having originated and led many capital market, restructuring and M&A assignments for Chinese clients including China National Offshore Oil Corporation (CNOOC), Shanghai Electric Group Co Ltd, E-House China Holdings Ltd, Chongqing Machinery, & Electric Co Ltd, China Real Estate Information Corp (CRIC), China Ming Yang Wind Power Group Ltd, TAL Education Group (Xueersi) and Shanghai Pharmaceuticals Holding Co.
Bob Stefanowski, commented: “China will continue to be an important economy and offers exciting investment opportunities, particularly as its financial system gradually opens up to the world. We continue to build on our strong track record in China and are pleased to have an executive of Paul’s calibre join our team.”
Paul Su commented: “3i has a strong brand globally and an excellent reputation in China. I am delighted to be joining the team at such an exciting time in its development. The private equity market in China provides ample opportunity to invest in quality companies and I look forward to working with my Partners Albert Xu and Anna Cheung to build on 3i’s success in China to date.”
3i has had a presence in China since 2001 and currently has offices in Beijing, Shanghai and Hong Kong. 3i has a strong track record in China having invested in successful companies including DPhone, China’s largest retailer of mobile phones and accessories; Focus Media, the Chinese market leader in LCD displays in commercial buildings and hypermarkets; PCD Stores, a Chinese department store group, which listed on the Hong Kong Stock Exchange in December 2009; and Little Sheep, China’s leading hotpot restaurant chain, which floated on the Hong Kong Stock Exchange in June 2008.
For further information, contact:
Kathryn van der Kroft, 3i Tel: +44 20 7975 3021
About 3i
3i is an international investor focused on Private Equity, Infrastructure and Debt Management, investing in Europe, Asia and the Americas. Our competitive advantage comes from our international network and the strength and breadth of our business relationships. These underpin the value that we deliver to our portfolio, shareholders and fund investors.