Candover hires for credit crunch opportunities

Candover, a pan-European buyout firm, has appointed Mark Dickinson as a director in its London office.

Dickinson joins Candover from 3i, where he worked for ten years in its Leeds, Aberdeen and London offices.

At 3i, Dickinson was responsible for support services, leisure and oil and gas sectors, including the US$700m buyout of oil and gas rig firm Dockwise and 3i’s participation in the US$925m acquisition of upstream oil and gas group Vetco International, in which Candover and JPMorgan were also investors.

“The recent credit correction will inevitably produce some very interesting opportunities which will need an innovative approach to create value,” said Colin Buffin, managing director of Candover.