ICG has appointed Friedel Drees as managing director in its European company staff.
Drees will report into European company head of DACH Jens Tonn.
Previous to becoming a member of ICG, Drees spent 15 years at The Carlyle Group, the place he most just lately served as companion and managing director specializing in the DACH area.
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Drees joins ICG’s European company staff comprising 70 funding professionals based mostly throughout seven European workplaces.
One in all ICG’s flagship methods, European company has a 35-year monitor file and targets domestically sourced, instantly originated and privately negotiated investments in European corporates, offering investments to household house owners, founders and administration groups alike.
Drees’ appointment coincides with the launch of ICG’s second workplace in Germany, in Munich on Brienner Straße. ICG’s Frankfurt workplace opened in 2004.
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“We’re delighted to welcome Friedel to ICG,” mentioned Tonn. “He’ll carry deep experience that can add tremendously to our present capabilities. Our new Munich workplace can even assist us to leverage native origination networks as we glance to drive additional progress within the DACH area.
Drees added: “I’m excited to affix ICG to assist leverage the distinctive platform ICG presents with its robust concentrate on long-term partnerships with administration groups and founders. I stay up for working with my new colleagues to additional create worth for our numerous and ever-growing consumer base.”
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