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Malcolm Le May joins Three Delta

The former president of JER Partners in Europe has joined private property investment company Three Delta, which attempted to acquire Sainsbury’s supermarket group in the UK two years ago.

Malcolm Le May, the former head in Europe of US firm JER Partners has joined Three Delta, the London-based private investment firm.

Le May quit JER earlier this year and was followed out of the door by president and chief operating officer Michael Pralle a few months later.

According to the Daily Telegraph, Le May has joined Three Delta, which is run by Paul Talyor, a property entrepreneur.

Three Delta attempted to take over UK supermarket group Sainsbury’s two years ago. It had teamed up with investment partner Qatar Investment Authority to make the bid, but following the failed attempt, Three Delta and the QIA decided to end the investment relationship due to differences over strategy. QIA bought out the 50 percent stake in acquisitions made up until that moment, which included Four Seasons, the health care company that recent reports suggest is being readied for sale after creditors could not agree on a debt restructuring package.

Le May joined JER as European president in 2003. He was formerly head of investment banking in Europe for UBS, deputy chief executive of ING Barings bank and deputy chief executive of Morley Fund Management.