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PRINT THIS PAGE Candover Investments hires Jamie Paton to head new Asia office25/02/2008. Source: AltAssets. 
Candover Investments has appointed Jamie Paton to lead the firm's expansion efforts in Asia. Initially, Paton will be based in Hong Kong while he is evaluating options in the region. Candover Investments plans to open its first Asian office. Paton's new role will include identifying the potential for Candover Investments to make profitable investments in the Asian market and supporting Candover's existing portfolio companies, according to a statement.
Paton previously spent more than seven years in Hong Kong, establishing 3i's North Asian business.
Gerry Grimstone, chairman of Candover Investments, said, 'To date, Candover Investments plc has invested almost entirely alongside our Western European buy-out funds. European buy-outs will remain our key focus, but we think it appropriate to examine the opportunities that Asia might provide to enhance shareholder value.
'The Asian market is one of the most attractive regions of the global economy in terms of growth potential for private equity. We already have extensive contacts and links in Asia through our European portfolio and network and by working with someone as experienced in the region as Jamie, we are confident that we can properly investigate the market potential,' he added.
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