Marlborough opens in Frankfurt; names 3i’s Ehrler as partner

The firm has appointed 3i's Markus Ehrler (pictured) as partner to lead the German office. The Marlborough team has advised on transactions in Germany and estimates a 10th of its business is from the country.

"It is an interesting market because domestic mid-market transactions can get local money, while large deals can access the capital markets. This large-cap market, where there is often an international angle, is the area we've been restricted to advising on in the past in Germany. But there is a gap in the middle and, with a presence, we can now service this," explains Marlborough's William Allen.

Allen suggests their next biggest market is the Nordics, though there are no imminent plans to open elsewhere.

Though new to Marlborough, Ehrler was well known to the team, having worked indirectly with them on deals. Prior to joining Marlborough, Ehrler was a director in 3i's banking team, responsible for sourcing leverage and advising on capital structures for deals, with focus on Germany and France. He led deals including Hilite International, Geka and an amend-and-extend for Azelis Holdings.

Ehrler also gained experience at UBS – where he was a leveraged finance director –  Court Square Capital and SBC Warburg.

Since 2003, Marlborough's team has completed 89 mid-market assignments worth nearly €30bn, split between primary market debt issuance and waiver, and amendment or restructurings.

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