For the 3rd consecutive year, Kepler Cheuvreux Solutions has been ranked “Outstanding” (best distinction) as independent structured product designer by Décideurs Magazine.
We would like to thank all our clients and partners for their trust. The whole team is at their side to accompany them throughout 2022.
See the ranking here.
Kepler Cheuvreux Invest announces its adhesion to the iCI (Initiative Climat International)
Paris, 25 February 2022,
Kepler Cheuvreux Invest (KCInvest) takes part in the Initiative Climat International (“iCI”) in order to be part of the Private Equity’s concerted action against climate change.
The Initative Climat International was originally launched as the iC20 by a group of French private equity firms who decided, in November 2015, to join forces and contribute, within their means, to the COP21 objective of limiting global warming below 2 degrees Celsius.
Within the UNPRI framework, of which Kepler Cheuvreux Invest is a participant, the iCI manifesto involves 3 commitments which are fully in line with KCInvest’s ESG values and policy:
iCI develops measurement tools and methodologies in order to monitor our investee companies’ environmental impact. These tools will help Kepler Cheuvreux Invest and its portfolio companies’ managers reduce their corporate carbon footprint through pragmatic solutions.
Kepler Cheuvreux Solutions has been ranked the best independent provider of structured products in France for the 7th consecutive year by Gestion de Fortune magazine, and second overall, behind Privalto (BNP Paribas) and ahead of Adequity (Société Générale).
We would like to warmly thank all our clients and partners for their renewed trust in 2021, a year marked by the 10th anniversary of the creation of Kepler Cheuvreux Solutions.
The entire team is at your side to accompany you throughout this year. Much is to come, stay tuned!
Kepler Cheuvreux is proud to announce that the Kepler Cheuvreux Foundation has donated 1.3 million euros to 26 charities across Europe in 2021.
These donations result from the commitment of Kepler Cheuvreux, Kepler Cheuvreux employees, clients and partners. 2021 was a huge year for the Foundation marked by the North-South Challenge and the Charity Trading Day that allowed us to collect nearly 400k euros.
The cumulative total donated by the Foundation, since inception in June 2020, is 2.47 million euros.
Stay tuned for our 2022 fundraising activities which will be announced shortly!
Paris, 31 January 2022
The Kepler Cheuvreux Group and Ellipsis Asset Management (“Ellipsis AM”) teams are pleased to announce the completion of the acquisition of the latter by Kepler Cheuvreux, announced in October 2021. Kepler Cheuvreux has obtained all the necessary approvals to finalise the acquisition of Ellipsis AM from Exane SA, a subsidiary of the BNP Paribas Group.
By becoming the sole shareholder of Ellipsis AM (minority investment by management underway), Kepler Cheuvreux is strengthening its asset management activities and positioning Ellipsis AM as the cornerstone of its development in listed assets.
With 18 years of investment history and EUR2.5bn of assets under management at the end of 2021, Ellipsis AM is a recognised asset management company in the European and global convertible bond segments as well as in credit markets. The company also offers customised management services, in particular options overlay mandates to hedge equity portfolios.
Ellipsis AM will now rely on the strengths of Kepler Cheuvreux, such as its multi-local network with 13 offices in Europe and the United States. Both signatories of the United Nations Principles for Responsible Investment (PRI), the Kepler Cheuvreux Group and Ellipsis AM place the ESG approach at the heart of their synergies and future developments.
About Kepler Cheuvreux
Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution, Fixed Income & Credit, Structured Solutions, Corporate Finance and Asset Management.
The group employs around 600 people and is present in 13 major financial centres in Europe and the US: Amsterdam, Brussels, Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, Vienna, and Zurich.
Key figures of the group (as of 31 December 2021):
* No. 1 independent European equity broker
* €2 billion in equities traded daily on average
* Leader in equity research in Continental Europe, with more than 110 analysts covering 1,200 companies
* More than 3,000 companies covered worldwide via partnerships with Piper Sandler for the US and Macquarie for Asia-Pacific
* Leader in Europe in ESG research and first in its sector to become a signatory of the Principles for Responsible Investment (PRI)
* KC Invest: two separate strategies – “Tech Growth & Late-Stage” Private Equity and “Preferred Capital” (Subordinated Debt, Quasi Capital and Capital) for small, medium and intermediate-sized enterprises
* 13 major financial centres in Europe and the US
* 600 employees
* 1,200 institutional clients
* €286 million in sales in 2021
* €48 million in EBITDA in 2021
About Ellipsis AM
With more than 18 years of investment history, Ellipsis AM is a recognised asset management company in the European and global convertible bond segments. The company has also developed specialised management expertise in credit, volatility, and listed derivatives markets. Alongside its open-end fund range, Ellipsis AM offers customised management services, in particular options overlay mandates to hedge equity portfolios or convertibles mandates and funds.
Ellipsis AM focuses its expertise on value-added asset classes through its two specialised management divisions. The Convertibles & Credit division houses its historical and confirmed management expertise. Since 2008, the Overlay & Customised Portfolio Solutions division has developed specific know-how for equity portfolio hedging solutions and risk allocation.
Key figures (as of 31 December 2021)
* 2003: launch of the first convertibles fund
* €2.5 billion of AUM (1)
* 7 managers & analysts on the management team
* 25 employees in Paris, Geneva and Milan
* No. 1 Best French Asset Management Company – European Funds Trophy 2021 in the “8 to 15 rated funds” category (2)
* 4 Morningstar stars (3) for the convertible bond and high yield funds
* Signatory of the Principles for Responsible Investment (PRI)
* 100% of the AUM of the discretionary management incorporates an ESG approach (except for the scope of the index tracker funds and options overlay mandates)
* Convertible and credit conviction funds, all classified “Article 8” funds under the SFDR (4)
(1) AUM: Assets Under Management as of 31 December 2021
Past performance is not a reliable indicator of future performance. References to past rankings and awards do not predict future rankings and awards.
(2) For more information about the methodology: www.european-funds-trophy.eu – www.fundclass.com. Past performance is not a reliable indicator of future performance. The funds’ prospectus, KIID and financial statements are available at: www.ellipsis-am.com. References to past rankings and awards do not predict future rankings and awards.
(3) Source: Morningstar, overall rating as of 31 December 2021. Morningstar categories: Convertible Bond – Europe / EUR High Yield Bond. I EUR units for rated funds. © 2021 Morningstar. All rights reserved. For further information on the Morningstar rating: www.morningstar.com.
(4) Regulation (EU) No. 2019/2088, called the Sustainable Finance Disclosure Regulation (SFDR). For more information about the ESG policy of Ellipsis AM: https://www.ellipsis-am.com/compliance/rapport-esg
Paris, 4 January 2022,
Kepler Cheuvreux Invest announces the first closing of the Move Capital I fund, which specialises in the B2B Technology sector. This first closing is a major step towards reaching the fund’s final objective of gathering EUR300m, and was carried out with the support of leading French and international institutional investors which include the European Investment Fund (EIF) and Bpifrance, and prominent corporate investors, such as Orange, Nokia and SKT, and family offices.
Move Capital I will invest actively in French and European tech companies at the growth stage of their development and which address the data value chain in areas such as cybersecurity, IoT, artificial intelligence and the digital transformation of enterprises. Move Capital I fund received the “TIBI” label from the French government in November 2020 and shares such label with the leading growth equity funds active in the French Technology sector.
Move Capital I brings together a multidisciplinary team of investment and finance professionals, and industrial sectors specialists. The Move Capital team is resolutely anchored in entrepreneurship and driven by a common vision: to support the growth of the French and European Technology champions of tomorrow through a collaborative approach, and always by acting as a responsible investor. The team will draw on its wide ranging pan-European and international experience. It will also rely on its strong technical expertise, which comes from more than 50 years of cumulative experience in the Technology sector. The Move Capital team also benefits from the expertise of the Kepler Cheuvreux Invest platform and the Kepler Cheuvreux Group: its pan-European presence and its leading tech research. Lastly, the team will benefit from the operational experience of the fund Strategic Committee, which brings together major European tech experts.
“This first closing is a key step for our private asset management platform and for Move Capital in particular. We warmly thank all investors who trust us with this fund, as well as all stakeholders. KC Invest, through Move Capital I, is at the service of the future leaders of European Tech ” emphasised Emmanuel Raffner, Chairman of KC Invest.
“This first closing is a major milestone, it allows Move Capital to finance and support future European technological champions with a rigorous, human approach and a reinforced ESG policy. Our investment strategy will allow us to contribute to the French and European effort for the emergence of a sovereign technology ” underlined Sophie Sursock and Hervé Malausséna, the co-founders of Move Capital.
The Move Capital team would like to thank Orange, Nokia, SKT, the European Investment Fund (EIF), Bpifrance, and all of the other investors in the fund, who share their vision: to promote the French and European Technology ecosystem.
About Move Capital
Move Capital is a strategy of KC Invest specialising in Growth Equity, in the field of technologies and digital services and solutions for enterprises with a strong scale-up potential (www.move-capital.com). On top of its extensive experience track-record, the Move Capital team benefits from a rich experience in entrepreneurship and in operational management of technology companies. Move Capital also relies on its Strategic Committee, made of high-profile Technology experts who use their operating experiences and know-hows to identify high-potential targets, to virtuously support the growth of companies, and to apply a consistent and rigorous ESG approach.
About KC Invest
Kepler Cheuvreux Invest, a management company approved by the AMF, is the management platform for unlisted assets of the Kepler Cheuvreux group. The company is a Responsible Investor, and develops a range of funds intended for professionals for the financing of the real economy, by providing tailor-made solutions to meet the needs of European companies and their shareholders (www.kci-invest.com).
This US Thanksgiving, Thursday 25th November 2021, Kepler Cheuvreux held its 2nd Kepler Cheuvreux Charity Trading Day. Thanks to the mobilisation of our Equity Brokerage employees and clients, we have raised €371,00 of donations.
Money raised from the Charity Trading Day will be donated to our anchor projects across Europe which focus on the nurturing, protection & education of young people: Hôpital Necker-Enfants, The children’s oncology and radiology department of Universitäts Klinikum Frankfurt (University Hospital Frankfurt), The Buzzi Foundation, Fundación Soñar Despierto (España), Fundación El Sueño de Vicky, The Charlie Waller Trust, MQ Mental Health Research, Het Vergeten Kind, Fondation Pelicano, MOT Norge et Friends.
We are proud to announce that Kepler Cheuvreux have been awarded Best Price Improvement Capabilities at the Leaders in Trading 2021: Algorithmic Trading Awards.
This award highlights our continuing investment in technology and our new quantitative algorithmic infrastructure (QAI).
We would like to thank our clients and partners for their continued support.
Paris, 12 October 2021
In the context of the development of its asset management business, the Kepler Cheuvreux group (“Kepler Cheuvreux”) has signed the acquisition of the asset management company Ellipsis Asset Management (“Ellipsis AM”) from Exane SA, a subsidiary of the BNP Paribas group. Ellipsis AM has 18 years of experience in convertible bond funds and is specialised in high value-added niche management segments. The transaction remains subject to the prior approval of the French Financial Markets Authority, l‘Autorité des Marchés Financiers, and is expected to be completed in the fourth quarter of 2021.
With €2.8 billion of assets under management (1), Ellipsis AM is a recognised asset management company in the European and global convertible bond segments. The company has also developed specialised management expertise in credit, volatility, and listed derivatives. It notably offers customised management services, in particular options overlay mandates to hedge equity portfolios or convertibles mandates and funds.
Already present in asset management through its subsidiary Kepler Cheuvreux Invest, specialised in the unlisted segment, with two separate strategies – “Tech Growth & Late-Stage” Private Equity and “Preferred Capital” (Subordinated Debt, Quasi Capital and Capital) for small, medium and intermediate-sized enterprises, Kepler Cheuvreux is extending its offer with a range of listed asset funds. The acquisition of Ellipsis AM is the cornerstone of Kepler Cheuvreux’s development in asset management.
Ellipsis AM will be able to rely on the strengths of Kepler Cheuvreux, such as its multi-local network with 13 offices in Europe and the United States. Kepler Cheuvreux and Ellipsis AM are both signatories of the United Nations Principles for Responsible Investment (PRI) and the ESG approach will be at the heart of future developments.
“With the acquisition of Ellipsis AM, Kepler Cheuvreux is accelerating the development of its asset management business by enhancing its fund offer with complementary strategies in the listed assets segment” states Grégoire Varenne, Chairman of the Management Board of Kepler Cheuvreux.
“We are delighted to be writing a new page in the history of Ellipsis AM alongside Kepler Cheuvreux. This operation aims to strengthen our growth model and our expertise, notably in the area of ESG” adds Gildas Hita de Nercy, Chairman of the Management Board of Ellipsis AM.
About Kepler Cheuvreux
Kepler Cheuvreux is a leading independent European financial services company that specialises in Research, Execution, Fixed Income & Credit, Structured Solutions, Corporate Finance and Asset Management.
The group employs around 600 people and is present in 13 major financial centres in Europe and the US: Amsterdam, Brussels, Frankfurt, Geneva, London, Madrid, Milan, New York, Oslo, Paris, Stockholm, Vienna, and Zurich.
Key figures of the group (as of 30 September 2021)
* No. 1 independent European equity broker
* €2 billion in equities traded daily on average
* Leader in equity research in Continental Europe with more than 110 analysts covering 1,200 companies
* More than 3,000 companies covered worldwide via partnerships with Piper Sandler for the US and Macquarie for Asia-Pacific
* Leader in Europe in ESG research and first in its sector to become a signatory of the Principles for Responsible Investment (PRI)
* KC Invest: two separate strategies – “Tech Growth & Late-Stage” Private Equity and “Preferred Capital” (Subordinated Debt, Quasi Capital and Capital) for small, medium and intermediate-sized enterprises
* 13 major financial centres in Europe and the US
* 600 employees
* 1,200 institutional clients
* €272 million in sales in 2020
* €42 million in EBITDA in 2020
* €25.6 million in net profit in 2020
About Ellipsis AM
With more than 18 years of management history, Ellipsis AM is a recognised asset management company in the European and global convertible bond segments. The company has also developed specialised management expertise in credit, volatility, and listed derivatives. It notably offers customised management services, in particular options overlay mandates to hedge equity portfolios or convertibles mandates and funds.
Ellipsis AM focuses its expertise on value-added asset classes through its two specialised management divisions. The Convertibles & Credit division houses the historical and confirmed management expertise. Since 2008, the Overlay & Customised Portfolio Solutions division has developed specific know-how for equity portfolio hedging solutions and risk allocation.
Key figures (as of 30 September 2021)
* 2003: launch of the 1st convertibles fund
* €2.8 billion of AUM(1)
* 7 managers & analysts on the management team
* 25 employees in Paris, Geneva and Milan
* No. 1 Best French Asset Management Company – European Funds Trophy 2021 in the “8 to 15 rated funds” category (2)
* 4 Morningstar stars (3) for the convertible, high yield and credit allocation funds
* Signatory of the Principles for Responsible Investment (PRI)
* 100% of the AUM of the discretionary management incorporates an ESG approach (except for the scope of the index tracker funds and options overlay mandates)
* Convertible and credit conviction funds, all classified “Article 8” funds under the SFDR (4)
(1) AUM: Assets Under Management as of 30 September 2021
Past performances are not a reliable indicator of future performance. References to past rankings and awards do not predict future rankings and awards.
(2) For more information about the methodology: www.european-funds-trophy.eu – www.fundclass.com. Past performances are not a reliable indicator of future performance. The funds’ prospectus, KIID and financial statements are available at: www.ellipsis-am.com. References to past rankings and awards do not predict future rankings and awards.
(3) Source: Morningstar, overall rating as of 30 September 2021. Morningstar categories: Convertible Bond – Europe / EUR High Yield Bond/ EUR Cautious Allocation. I EUR units for rated funds, except Ellipsis Credit Allocation Fund S EUR unit with the longest track record. © 2021 Morningstar. All rights reserved. For further information on the Morningstar rating: www.morningstar.com.
(4) Regulation (EU) No. 2019/2088, called the Sustainable Finance Disclosure Regulation (SFDR). For more information about the ESG policy of Ellipsis AM: https://www.ellipsis-am.com/compliance/rapport-esg
We are proud to announce that our European Corporate Brokerage activity ranks first in 2021 for buybacks in France (both by number of mandates and volumes repurchased) & in Benelux (by volumes repurchased). Also, ranks first in ShareManagement on BEL20 and second in ShareManagement on CAC40 in H1 2021.
We would like to thank our clients and partners for their continuous support.
We are proud to announce that we have been chosen as the Best Sell-Side Equities Trading Desk at the Markets Choice Awards 2021. This award highlights our investment in execution technology and confirms our capabilities in this space.
We would like to thank our clients and partners for their continued support.
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Execution services from Kepler Cheuvreux combine first-class and tailored-made client services. Our expertise, platform and value-added services help you navigate through the liquidity maze and implement cost-effective solutions for the complex post-trade landscape. More info here.
Paris, 18 May 2021
Kepler Cheuvreux announced today the launch of Kepler Cheuvreux Discovery, a brand new video research platform exclusively dedicated to the discovery of investment ideas.
Building on the experience and success in hosting virtual events throughout 2020, such as the Kepler Cheuvreux Autumn Conference, the platform combines an immersive video experience with the best of Kepler Cheuvreux’s research convictions across a selection of highly curated topics.
The platform offers daily updates in several different types of formats, including:
> Morning Pitches, a 3 min introduction to a new piece of research
> Educational, deep dive into a complex topic or theme
> Market Chatter, specialist sales highlights of the week
> Convictions, in-depth presentation on one of Kepler Cheuvreux Research convictions
> Strategy, in-depth strategy presentation
Additionally, within the platform, clients have exclusive access to corporate access events and unique expert talks and interviews with renowned business leaders, politicians, and leading economists.
Using its innovative video formats and placing analysts at the centre of Kepler Cheuvreux Discovery, the Group goes beyond the industry-standard research report, giving clients a more engaging and personalised way of consuming research.
“Kepler Cheuvreux Discovery is highly complementary to our traditional research platform. It aims at leveraging technology to bring the best of our research to our clients, high value-added content and unique investments opportunities.” said Arnaud Girod, Co-Head of Institutional Research.
You can find the presentation video here.
