Idinvest opens Frankfurt office, makes hires

The firm’s president, Christophe Bavière, noted Frankfurt is becoming a growing financial centre in Europe following the EU referendum in the UK.

Paris-headquartered Idinvest has expanded its German operation with a new office in Frankfurt.

The firm’s president, Christophe Bavière, said Frankfurt was becoming a growing financial centre in Europe following the UK’s EU referendum and commented on the firm’s history of providing financing to German-domiciled companies.

The Frankfurt office will be headed by Florian Zimmermann, who has been with Idinvest since 2014. The firm has also added Verena Frychel and Thorsten Kern to its private debt team as part of the move.

Francois Lacoste, co-head of private debt at Idinvest, told sister publication PDI the new office and hires are part of further expansion into the German market. “We started to recruit German speakers in 2014, to increase our presence and visibility there,” he said. “In the small/mid-market private debt sector across Europe, it is key to have people on the ground who understand each country’s culture, companies and their management teams.”

Approximately 30 percent of Idinvest’s private debt investments have been made in Germany, Lacoste added.

Idinvest has approximately €7.1 billion in assets under management across funds of funds, private debt, growth capital and venture. It span-out from German insurer Allianz in 2010.