Frederic Michel-Verdier
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Thursday, 21 May 2020
Wednesday, 25 September 2019
Frederic Michel-Verdier Biography
Frederic Michel-Verdier Biography
Infrastructure veteran Frederic
Michel-Verdier has left IFM Investors after more than a decade at the global
fund manager. IFM wrote in an emailed statement to Inframation that
Michel-Verdier left at the end last week to “pursue personal business
interests”. Frederic Michel-Verdier was IFM’s
lead partner on its acquisition in May of a 30% stake in the Deep Container
Terminal Gdansk in Poland from Macquarie, alongside PSA International and the
Polish Development Fund. In 2018, he advised on IFM’s acquisition of a 40%
stake in Mersin International Port, later joining the Turkish company’s board.
He also served as a board observer at FCC Aqualia, the Spanish water management
company in which he led the acquisition of a 49% from FCC last year. He was
vice chairman since 2010 of the supervisory board of Polish heating networks
operator Veolia Energia Polska, in which he led the acquisition of a 40% stake.
“Since 2008, Mr Michel-Verdier has been
instrumental in developing the London office through strategic relationships
and partnerships for the long-term benefit of our investors and their members
and has played a key role in a number of our most successful infrastructure
investments including the acquisitions of Veolia Poland, FCC Aqualia, Mersin
International Port and Deep Container Terminal Gdansk,” the company said. “We
wish him all the very best for the future. We are in the process of replacing
Mr Michel-Verdier with an equivalent investment executive.”
Frederic joined IFM Investors
after an 11-year career as an M&A banker at ING Barings in London and SG
Corporate & Investment Banking in Paris, where he covered the utilities, transports
and telecom sectors. He was responsible for a wide range of cross-borders
transactions, public and private. He initially advised governments on
privatisation in Central & Eastern Europe (Poland, Czech Republic,
Slovakia, Croatia, Romania, Bulgaria…) but also in North Africa (Tunisia,
Morocco, Algeria, Egypt) focusing on telecom and utilities.
Prior to his banking career, Frederic also spent three years
with EY in Paris, where he was involved in audit and transaction services
across a variety of sectors.
His role at IFM meant he was
responsible for relationship and partnership development as well as sourcing,
evaluating, implementing and managing investments. At IFM, Michel-Verdier was coordinating
the deal sourcing effort in Europe and was responsible for relationship and
partnership development as well as the evaluation, implementation, and management
of investments. He held various directorship
positions on the boards of Spanish FCC Aqualia,
Turkish Mersin International Port, and was Vice Chairman of the Supervisory
Board of Veolia Energia Polska and Veolia Energia Lodz. An IFM spokesperson
said the manager is “in the process of replacing Michel-Verdier with an
equivalent investment executive”.
When asked about the future of
infrastructure investment, Mr. Michel-Verdier commented “Infrastructure has a
low correlation with other asset classes and offers protection against
inflation and economic cyclicality. Yields are also steady and have good long-term
visibility. However, in this low rate and high liquidity environment, expertise
in asset management has become crucial to de-risk the investments and add value
through asset transitions, strategic initiatives, operational insights and
capital management.” He further added “European governments are introducing stricter
screening rules on foreign direct investments, and partnering with the right local
investors is a way to enhance acceptability for any acquisition of strategic infrastructure
assets.”
Find out more about Frederic Michel-Verdier by visiting his about me page here.
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