News Briefs

Dickinson Joins Candover

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Mark Dickinson has joined Candover as a director. He had spent the past decade with 3i Group. 

 

PRESS RELEASE

Candover, a leading European buyout specialist, announces the appointment of Mark Dickinson as a director.

Mark has joined Candover from 3i where he worked for ten years in Leeds, Aberdeen and latterly, London. He has been responsible for leading several buyouts at 3i, principally in the support services, leisure and oil and gas sectors, most recently the $700m buyout of Dockwise, the market leader in oil and gas rig transportation. Dockwise merged with Sealift and listed on the Oslo OTC market in Norway with an enterprise value of $2bn in May 2007. Mark also led 3i's participation in the $925m acquisition of Vetco International, a leading supplier of products and services to the global upstream oil and gas industry, alongside Candover and JPMorgan. Vetco's two component businesses were sold to GE Capital for $1.9bn and Ferd Private Equity for $900m in 2007, generating a return of 4.1x for the investor syndicate.

Commenting on the appointment, Colin Buffin, Managing Director of Candover, said:

“Mark is a great addition to the Candover team – he is a proven deal doer with over ten year's of experience. The recent credit correction will inevitably produce some very interesting opportunities which will need an innovative approach to create value. Mark's track record of value creation will be put to good use as we make sure we see as many of these opportunities as possible.”