Idinvest opens Frankfurt office, makes hires

The France-based firm is expanding its German operation by hiring German-speaking staff and increasing its presence there.

Paris-headquartered Idinvest has expanded its German operation by opening a new office in Frankfurt and added three people to its private debt team as part of the move.

The Frankfurt office will be headed by Florian Zimmermann, the company said.

A spokeswoman for Idinvest confirmed Zimmermann, who has been with the firm since 2014, would be joined on the Frankfurt-based private debt team by Verena Frychel and Thorsten Kern. 

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

Francois Lacoste, co-head of private debt at Idinvest, told 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. Approximately €3 billion of this is made up by private debt strategies. The firm span-out from German insurer Allianz in 2010.