3i’s retiring head of its venture capital business, Rod Perry, is to be succeeded by Jo Taylor, with effect from the conclusion of the 2005 Annual General Meeting in July. Perry, 59, has been responsible for 3i’s venture capital business since 2001.
Since 1999 Jo Taylor has run 3i’s UK venture capital team. He has 20 years of investment experience and has invested in all areas of venture capital across Europe. Key investments made by his team include Cambridge Silicon Radio, which successfully achieved an IPO earlier this year, and Trigenix, which was recently sold to Qualcomm. He is also chairman of the British Venture Capital Association (BVCA) High Technology Committee.
3i has also added Dr Paul Preston to its healthcare team. Preston will reinforce the 17-strong pan-European Industry Group. He has over 20 years’ experience in the healthcare sector, the past four as a director of General Healthcare Group and managing director of BMI Healthcare.
Throughout his time at BMI, Preston has concentrated on improving operational efficiency, helping to create the largest and most profitable independent acute provider in the UK. He initiated a review of knowledge management across the company and introduced a number of marketing, purchasing and service delivery initiatives that have kept the company at the forefront of the industry.
Most recently Preston helped to launch a new trade association, the Independent Healthcare Forum, which concentrates on representation and development of operational policy for the sector. He brings with him extensive experience gained in commercial roles across the pharmaceutical and hospital products sectors.
Andrew Golding, 42, has been appointed as banking director within 3i’s European buyout business. Based in London, he will be responsible for overseeing the firm’s key existing banking relationships as well as forging new ones across 3i’s European buyout activity.
Golding has previously held positions at Bank of America, Barclays Capital, and Samuel Montagu leading financings for leveraged buyouts on a pan-European basis. At Bank of America Securities he was a managing director and head of its European financial sponsor group.
Since 2002, he has been a banking consultant with projects including negotiating a debt for equity swap for a PLC, raising funds for a start-up business, advising a management team on a potential £100m + MBO from a UK-quoted financial services group, and advising a £250m retail enterprise on its banking arrangements. He also recently coordinated a competitive tender for a VC for US$150m in banking facilities to support an IPO on the London Stock Exchange.
In the German office, 3i has appointed Stephan Krûmmer as managing director, with effect from February 1, 2005. He will succeed Jane Crawford who has been on assignment in Germany from 3i London, since 2002 and returns there after a period of handover. Krûmmer will also take responsibility for 3i’s activities in the Swiss and Austrian markets. Based in Frankfurt, he will report to Chris Rowlands, 3i’s Head of Group Markets.
Krûmmer, 48, started his career in 1983 as a consultant at Bain and Company in Munich, before he moved to Bertelsmann AG in Gütersloh, where over 11 years he held a number of senior positions including member of the Board of the Book Group and CEO of the Multimedia Division. In 1998 he moved to Frankfurt to run Rothschild’s investment banking business in Germany.