New York / Paris: Atlas Merchant Capital LLC (“Atlas”), a global financial services investment firm, is pleased to announce it has led a consortium that has completed the acquisition of 27.7% of Kepler Cheuvreux through one of its affiliated entities. Atlas will own 20.0% and Edmond de Rothschild Equity Strategies (“ERES”) will own 7.7%.
Kepler Cheuvreux is a European independent broker-dealer specializing in research, execution and advisory services. Kepler Cheuvreux’s unique open architecture model has allowed it to develop Equity Capital Markets partnerships with five of Europe’s leading banks: UniCredit, Crédit Agricole CIB, Rabobank, Swedbank and Belfius. It has distribution partnerships with Piper Jaffray in the United States, CIBC in Canada and CIMB Securities in Asia (excluding Japan).
In November 2018, Kepler Cheuvreux announced the takeover of IFE Mezzanine, renamed Kepler Cheuvreux IFE (“KCI”), a management company with nearly 20 years of experience in raising capital for French and European companies via the launch of investment funds targeted toward institutional investors. The launch of KCI leverages Atlas’s and ERES’s expertise in debt and fixed income products.
Bob Diamond, CEO and Founding Partner, Atlas said: “This is a very exciting investment for us. Kepler Cheuvreux has thrived in recent years. It has a fantastic business model that is well aligned to the changing dynamics that the financial services sector is undergoing, and which are the cornerstone of our investment philosophy at Atlas. I look forward to supporting Laurent and the rest of the management team by making the most of our operational skills and financial services expertise.”
Laurent Quirin, Chairman of the Supervisory Board, Kepler Cheuvreux, said: “We are delighted to welcome Atlas Merchant Capital and ERES as major shareholders. Being able to use the expertise of Atlas and Bob Diamond, will help us invest and grow organically and undertake targeted acquisitions. We believe that with MiFID II and growing bank disintermediation there are some exceptional opportunities for our model. We envisage signing more alliances with banks which are looking to outsource processes or businesses.”
The transaction received regulatory approval from regulators in France (ACPR), Switzerland (FINMA), United Kingdom (FCA), and United States (FINRA).Download as PDF