25th Feb 2008 07:00
Press release For immediate release on Monday 25th February, 2008 Candover Investments plc to explore opportunities for investment in Asia
Candover Investments plc announces that it will be joined by Jamie Paton, to open its first office in Asia. Jamie, who previously spent more than seven years in Hong Kong establishing 3i's North Asian business, will initially be based in Hong Kong while he evaluates options in the region.
His role will include identifying the potential for Candover Investments plc to make profitable investments in the Asian market and supporting Candover's existing portfolio companies. Candover's core European buyout funds and executive team will remain focused on larger European opportunities.
Gerry Grimstone, Chairman of Candover Investments plc, commented:
"To date, Candover Investments plc has invested almost entirely alongside our Western European buyout funds. European buyouts will remain our key focus, but we think it appropriate to examine the opportunities that Asia might provide to enhance shareholder value.
The Asian market is one of the most attractive regions of the global economy in terms of growth potential for private equity. We already have extensive contacts and links in Asia through our European portfolio and network and by working with someone as experienced in the region as Jamie, we are confident that we can properly investigate the market potential."
Ends.
For further information, please contact: Jamie Paton +852 6071 3351 Tulchan Communications for Candover +44 7353 4200
Susanna Voyle Peter Hewer Note to editors:
Candover was founded in 1980 and listed on the London Stock Exchange since 1984. It invests in buyouts across Europe via funds managed by its wholly owned subsidiary, Candover Partners Limited, a leading European private equity house.
CANDOVER INVESTMENTS PLCRelated Shares:
CDI.L