The sessions enable a Stockholm based analyst to meet, say, a finance manager from Singapore. It creates informal contacts, which we think is valuable. We want to make sure there is a common culture throughout 3i. My session lasts from 9. 15am until 9. 45am, and I have to make sure it finishes promptly because they have a busy day of workshops with other senior people ahead of them.
The company is making an important announcement on its investment in ferry-company Scandlines, which operates routes in the Baltic Sea. 3i is part of a consortium – also including Allianz Capital Partners and German shipping group Deutsche Seereederei – that is buying the business from the Danish and German Governments. The company has been working on the €1. 56bn deal since February 2006, and Yea is gratified that agreement has been reached after negotiations hit a bump in the road last October. It’s a complex deal that has taken a long time, but it is an example of what we do in Europe and involved our Nordic and German teams,” he says. He is also afforded the opportunity to speak to the head of 3i’s buyout business, who will be presenting to 50 investors in Madrid that have put money into the company’s buyout funds.
The two-day session will take the investors through the performance of 3i’s funds and the investments that they have made. Yea would normally have been in attendance himself, but is required to stay in London because of the upcoming Treasury Select Committee hearing. His final meeting is with the company’s head of communications, to discuss a recent trip to Germany, where the latter was extolling the benefits of private equity in that country.
Yea is keen to dispel the image of private equity as secretive. We have an ongoing programme of making sure that people understand what the business is up to,” he says. Part of Yea’s job is to build relationships with chairmen and women and chief executives. Such meetings can lead to opportunities and Yea decides it is worth following up the discussion, if a suitable role can be found within one of the many companies in which 3i invests. Read More: www.enactconveyancingadelaide.com.au | Capital Grill