Duff & Phelps opens new Frankfurt office

Harriet Bailey
01 October 2014

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Corporate finance adviser Duff & Phelps has opened a new office in Frankfurt and hired two new managing directors, Daniel Kittlaus and Timo Willershausen, to lead the valuation advisory team in the city.

The firm opened its first German office in Munich in 2006. Its team focuses on valuations and corporate finance services, advising private equity funds such as KKR, as well as portfolio companies such as Hellman & Friedman's Scout24, which has indicated it may float on the stock exchange this month.

Duff & Phelps stated it wished to strengthen relationships with existing clients and generate new business. It also plans to increase its focus on the telecommunications, media and technology sector, as well as the chemicals and healthcare sectors.

The adviser recently spoke to unquote" about the AIFMD's fair valuation requirement and the positive effect this could have on GP fundraising.

Daniel Kittlaus joins the valuation advisory services practice, having previously worked at PwC since 1988. He has more than 15 years' experience in performing valuations for financial and tax reporting, transaction and consulting purposes. Kittlaus worked in Amsterdam as a manager in 2004, before being appointed senior manager that same year in the Prague office. His final posting was at PwC's Frankfurt office as a senior manager.

Timo Willershausen spent eight years in transaction services at PwC before joining Duff & Phelps. Between 2006 and 2011 he was a senior consultant in the firm's Frankfurt office, before moving to London for nine months to become a manager. In 2012, Willershausen was appointed senior manager in Frankfurt. He worked on large- and mid-cap deals for clients across various industries.