Three Delta
From Taighde
| Three Delta LLP | |
|---|---|
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| Type | Investment Fund |
| Founded | June 2006 |
| Headquarters | London, United Kingdom |
| Key people | Paul Taylor |
| Website | http://www.threedelta.com/index.htm |
Three Delta was formed in June 2006. The company was established on the Isle of Man as a Limited Liability Corporation; however, they are based out of London. The funds to establish this company were given by the Qatar Investment Authority (QIA) and at the time, Deputy Prime Minster, Foreign Minister, and head of QIA Sheikh Hamad bin Jassin bin Jaber Al Thani personally invested 5% of the equity. The business relationship between the QIA and Three Delta end in 2008.
Paul Taylor is the Manager of Three Delta. The name Three Delta comes from his childhood and was dubbed by a teacher to describe Taylor and his group of friends.
Three Delta is comprised of four investment vehicles: Instow, Delta Commercial Property LP, Delta Fund and Delta Two.
The QIA used Three Delta to establish a foothold in the UK. In the spring of 2008, Paul Taylor and the QIA had a falling out over the bidding of Sainsburys. As a result, Three Delta transferred all of its holdings to the QIA.
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Board Members
Sir Peter Middleton, non-executive chairman.
Investors
Hamad bin Jassim bin Jabr Al Thani
Directors
David Mellor- the business development director of Three Delta
Three Delta’s Acquisitions
According to Paul Taylor, Three Delta and its subsidiaries have over £3.5 billion in assets. Since its formation in June 2006, Three Delta has acquired four companies. They have bought into multiple others, but due to the private nature of Three Delta we unfortunately cannot come up with a complete list. We believe they have only invested in two PLCs: Sainsbury’s and, most recently, Bellway. We also believe that Three Delta has limited itself to companies in the UK and Ireland; however, investments in continental Europe are not out of the question. Three Delta uses different vehicles for every acquisition, with one exception. The name Three Delta was used to purchase their first company, the Senad Group. Since then, they have used different limited liability companies to buy stock and eventually acquire companies, with the exception of Delta Commercial Property, which they used to buy Four Seasons Health Care and NHP Portfolio, most likely due to being similar heath care companies. Please see the following chart.
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Timeline of Three Delta
March 2006: Paul Taylor left Consensus to start Three Delta.
June 2006: Formed
July 3, 2006: Acquired The Senad Group
August 31st 2006: Acquired Four Seasons Health Care
December 13th 2006: Acquired NHP Portfolio
August 1st 2007: Acquired Care Principles