Beechbrook Capital, the lower mid-market direct lender, has hired Peter Gottron as an investment director to spearhead its push into Germany. He will cover the DACH markets of Germany, Austria and Switzerland.
Gottron will head up the firm’s new Frankfurt office having previously been head of corporate banking at Mainzer Volksbank and, before that, a director and head of acquisition finance in Germany for Lloyds Bank International and Bank of Scotland.
Beechbrook partner Paul Shea said the decision to open an office in Frankfurt “reflects the importance we attach to the German market in supporting our future growth”.
The firm, which has existing offices in London and Manchester as well as professionals in Ireland, has up until now done most of its deals in the UK but operates across Northern Europe and made two investments in Germany last year: supporting the acquisition of vehicle metal parts provider Beinbauer Group by H.I.G Capital and the buyout of surface pressing and coating machinery business Robert Buerkle by AUCTUS Capital Partners.
Founded in 2008, Beechbrook has raised more than €750 million across five funds, investing in 60 lower mid-market companies. It has three private debt funds currently supporting private equity-backed firms with enterprise values between €10 million to €100 million. It provides tickets of €5 million to €25 million per deal.
In addition to its private debt funds targeting northern Europe, the firm provides £5 million to £20 million to private equity-backed SMEs in the UK through its UK SME Credit Funds. The first fund in this series closed on £152 million in 2017 and the successor posted a first close on £128 million earlier this month.