
Idinvest Partners opens Frankfurt office
Paris-based venture capital firm Idinvest Partners has opened a new office in Frankfurt, aiming to increase its European presence.
The opening is a result of the GP's wish to offer dedicated local support to its foreign portfolio companies, Idinvest said in a statement. The launch comes hand-in-hand with new appointments, as the office will be headed by senior adviser Florian Zimmerman, who joined the firm in 2014. He will be joined by three German nationals to be hired in the private debt team.
Idinvest's Frankfurt office is in line with the firm’s increased investment in the German market, particularly through senior and subordinate private debt financing, the GP said. Idinvest was previously a subsidiary of German group Allianz.
Idinvest's current portfolio companies in the region include Stanz und LaserTechnik Jessen, Feuer Powertrain, Prae-Turbo, J&S, Backwerk, Compo Expert, SportGroup, Ameos, WMF Group, HSE 24, Hoffmann Menü, ASK Chemicals, Synlab, Douglas, and Automic.
Christophe Bavière, Idinvest CEO, said of the new office: "Brexit has accelerated the fact that Frankfurt is becoming one of the most active financial centres of continental Europe. This new step is fundamental to the international development of Idinvest, and our 20 years of experience across various European markets, including Germany, has reinforced our desire to be present in this region.”
Idinvest is not the only firm to have expanded into Germany lately. BlackFin Capital Partners recently announced the opening of its Frankfurt office, while last year, Argos Soditic appointed four new members in its new office in the same city. Also in 2016, Main Capital launched its DACH operations, setting up a base in Düsseldorf.
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