Investment bank GCA Altium has expanded its senior deal team in Frankfurt with Raiko Stelten and Thorsten Weber, employees of the bank for many years, promoted to Managing Directors as of 1 March 2019.
They will further develop the technology, M&A and financing areas of the firm. Stelten joined Altium in 2013 and most recently worked as a Director with a focus on the software, technology and healthcare M&A sectors. For over 12 years he has been part of the team originally set up at Close Brothers/DC Advisory. Throughout this time, Stelten advised on over 40 M&A transactions.
“Raiko has been a core member of our team in Frankfurt for many years,” says Sascha Pfeiffer, Managing Director of GCA Altium in Frankfurt. “He has made a great contribution to building and advancing our strong position in the software and IT M&A sectors. I am delighted that Raiko will now advise our clients in this fast-growing segment from a position with additional responsibilities.”
Weber, also based in Altium’s Frankfurt office since it opened in 2013, has over 17 years of experience in corporate finance, debt advisory and restructuring. He has developed special expertise in acquisition financing, refinancing and dividend recaps. In addition, Weber has contributed greatly to bringing the savings bank sector into the German mid-cap LBO market as well as making GCA Altium’s MidCapMonitor a regular analysis report on leveraged-buyout financings. He previously held positions at Close Brothers/DC Advisory, Helaba Landesbank Hessen-Thüringen and BW-Bank.
Johannes Schmittat, Gerd Bieding and Norbert Schmitz, all Managing Directors of the Debt Advisory Group in Frankfurt, commented: “Thorsten has been a member of the Debt Advisory/Financial Restructuring team since it was created in 2013. In the interim he has built important client relationships, successfully closed a wide range of transactions and broadened our expertise beyond classic LBO structures – we very much look forward to continuing to drive forward the business with him.”
