Idinvest Partners, a European SME investor, has opened a Shanghai office to support the growth of its portfolio companies in Asian markets.
The office will be led by Solomon Moos, corporate development Asia, who joined Idinvest in July 2016 from Allianz Global Investors.
Moos will be supported by three Chinese partners.
This marks the most recent milestone in Idinvest’s international development, coming shortly after the opening of a Frankfurt office earlier this month.
Idinvest’s Shanghai presence will facilitate the firm’s ability to help entrepreneurs find the right partners, build stronger ties and generate synergies with industrial, strategic or financial partners across Asia, along the One Belt, One Road policy. This follows the establishment of Idinvest’s CHANCE programme in 2015, an investment platform to help address the financing of a technology gap in Sino-European relations, facilitating the investment of Chinese capital into select European sectors and helping to provide European SMEs access to Chinese markets.
Christophe Baviere, CEO of Idinvest, says: “While the US used to be the pivotal go-to country for innovative SMEs, more and more companies are now looking eastward for development and China, as the second largest economy in the world, plays a central part. We see the Asian region as a hub for development, where some of our existing portfolio companies already have a footprint including Organica, Actility, Forsee, Sigfox and Vulcain. This latest development is part of our commitment to internationalise and facilitate the growth of our portfolio companies into global SMEs.”
