ICG adds Friedel Drees as managing director in Munich

ICG has appointed Friedel Drees as managing director in its European corporate team.

Drees will report into European corporate head of DACH Jens Tonn.

Prior to joining ICG, Drees spent 15 years at The Carlyle Group, where he most recently served as partner and managing director focusing on the DACH region.

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Drees joins ICG’s European corporate team comprising 70 investment professionals based across seven European offices.

One of ICG’s flagship strategies, European corporate has a 35-year track record and targets locally sourced, directly originated and privately negotiated investments in European corporates, providing investments to family owners, founders and management teams alike.

Drees’ appointment coincides with the launch of ICG’s second office in Germany, in Munich on Brienner Straße. ICG’s Frankfurt office opened in 2004.

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“We are delighted to welcome Friedel to ICG,” said Tonn. “He will bring deep expertise that will add greatly to our existing capabilities. Our new Munich office will also help us to leverage local origination networks as we look to drive further growth in the DACH region.

Drees added: “I’m excited to join ICG to help leverage the unique platform ICG offers with its strong focus on long-term partnerships with management teams and founders. I look forward to working with my new colleagues to further create value for our diverse and ever-growing client base.”

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