3i has hired Jennifer Dunstan as a senior director in its European buyouts business. She will be responsible for executing complex international deals across 3i’s key sectors. Dunstan is moving to 3i after nine years at Terra Firma Capital Partners and Nomura’s principal finance group, where she was a managing director.
Dunstan led the team responsible for negotiating and executing the spinout of PFG from Nomura in 2001 to create Terra Firma. Major deals that she led include the purchase and realisation of Angel Train Contracts and the acquisition of Inn Partnership.
In addition, 3i has appointed Robert Van Goethem, a Belgian national, as a director within its European buyout business. He will join the Benelux office and focus on buyouts in the Benelux markets with a particular emphasis on Belgium across 3i’s key sectors.
Van Goethem joins from Permira, where he has been partner for the last five years in the Paris office, involved in deal sourcing and execution across sectors and jurisdictions but with an emphasis on France and the Benelux region. Previously, he worked at Salomon Smith Barney in London in the leveraged finance team.
In Asia, 3i has announced the appointment of Daizong Wang, Jae Kim, Bonnie Lo and Jason Yin in Hong Kong and the transfer of Dominic Orchard to the Asian team from London. Wang will focus on China and Kim will cover North Asia, particularly South Korea. Both become vice-presidents. Lo and Yin join as associates and will cover North Asia.
03i’s infrastructure team has made a £150m investment in I2, a joint venture fund initially established by Barclays Private Equity and SG Corporate & Investment Banking. Following 3i’s investment, the fund has reached £450m, making it the largest equity fund within the secondary PFI market. The fund was established in November 2003 and has built up a portfolio of 29 operating infrastructure projects in the health, education, transport and MOD sectors with an investment value of £150m.