ESO Capital opens Frankfurt office

The team will initially comprise four investment professionals, who will invest up to €40m in complex transactions across the DACH region.

Prior to joining ESO in January last year, Fritsch was head of German restructurings for the Frankfurt division of Lazard.

ESO acquired UK lower-mid-market PE fund Core Capital earlier this month, giving the combined group the capability to offer hybrid capital products worth up to €40m per transaction.

Core Capital held a first and final close on £85m for its second fund in September 2015. The vehicle targeted equity investments between €5-10m, whereas ESO Fund VI previously made debt-only investments. The two funds will now combine to invest across the capital structure.

Prior to the acquisition of Core, ESO held two growth capital investments in Germany. It provided a €15m financing to sports equipment retailer 21sportsgroup in 2016 and also backed non-performing loan servicing business Loancos.

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• GPs
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