Managing partner Bruce Carnegie-Brown will head up the new team, and is joined by Stephen Hill, Richard Segal and Alan MacKay. Bruce Carnegie-Brown will become a member of 3i’s management committee when he joins on 8 January 2007. Further appointments will be made to this team in due course.
Philip Yea, chief executive of 3i, said: “The private equity model has proven to be a highly effective investment model bringing considerable value to companies and investors. The formation of a dedicated team to address the increasing level of opportunity within the public markets is a natural step for 3i. We believe there is an opportunity to create value by acquiring and holding influential stakes in small and mid-cap listed companies and applying a private equity management approach to them.”