Eric Gallerne, Partner at Idinvest, talks to Private Debt Investor about the ups and downs of private debt in Germany
Germany has an abundance of attractive businesses, including many in the Mittelstand. Eric Gallerne is a Partner at Idinvest Partners, a French private equity and debt investor that opened an office in Frankfurt in 2017 to exploit local opportunities. He notes the wealth of innovative business-to-business companies in the country that are less sensitive to the ebbs and flows of GDP growth than their consumer-focused counterparts. Gallerne also comments on competition being less severe for smaller loans, stating "For unitranche deals of €20 million to €50 million the market is not so crowded." As a result, he says that his firm gets access to good conditions, terms and pricing.