Kepler Cheuvreux is acquiring the business activities of Derivatives Capital in order to create the leading independent structured products platform in France*

Paris, 3rd December, 2013


Having traded over € 1.2 bn worth of structured products in 2013, the merged business will become the leading independent platform for the intermediation of structured products in France. Derivatives Capital, which will become Derivatives Capital Kepler Cheuvreux, will extend its service offering thanks to Kepler Cheuvreux’s expertise as a leading European equity research house, as well as its expertise in dedicated cross-asset research and financial engineering. In turn, Kepler Cheuvreux will intensify its growth strategy and will benefit from broadened client coverage and the know-how gained by Derivatives Capital on the French market.

Kepler Cheuvreux is a European leader in financial intermediation, research and independent advice. The Group is active across four business lines: Equities, Debt & Derivatives, Corporate Finance and Investment Solutions.

The team from Derivatives Capital will join up with their counterparts from Investment Solutions, which is the Kepler Cheuvreux business line which has responsibility for the creation and distribution of structured products. Julien Marette, who is the founding CEO of Derivatives Capital, will be named Managing Partner within the Investment Solutions team which is headed by Nicolas Miara-Godet.

Following on from the recent acquisition of Cheuvreux which has considerably strengthened the Group in terms of financial research and client coverage, today’s deal with Derivatives Capital marks a turning point in the expansion of the Investment Solutions business line at Kepler Cheuvreux’ commented Nicolas Miara-Godet.

Julien Marette added ‘In a market where critical mass has become a major success factor, the multi-local presence, the quality of the shareholders and the scale of Kepler Cheuvreux will be a huge benefit in our goal to reinforce our leadership on the French market and to accelerate our development in Europe’.

The Investment Solutions business line is specialized in the research, conception and distribution of bespoke structured products across all the asset classes (equities, fixed income, commodities, currencies, investment funds…). The open architecture platform offers investment solutions and coverage adapted to all types of professional clients: Institutions, Corporate and Private Wealth Management (private banks, investment companies, independent financial advisers and distribution networks).

*The acquisition is subject to regulatory approval by the Autorité de Contrôle Prudentiel et de Résolution (ACPR).

The Investment Solutions business line is headed by Nicolas Miara-Godet along with Romain Chassard and, in the near future, Julien Marette, as deputy heads. The activities of the team comprise financial engineering, sales, marketing and cross-asset research and its products will be offered in the distribution market under the brand name ‘Derivatives Capital Kepler Cheuvreux’.

About Kepler Cheuvreux

The group is owned by its employees and management (38.3%) and by institutional investors such as BlackFin Capital Partners (17.5%), Crédit Agricole CIB (15.1%), Caisse des Dépôts (9.7%), UniCredit (5.2%) and Crédit Mutuel Arkéa (4.9%).

The Group numbers 500 employees and has built its reputation on the quality and independence of its research and its intermediation activities. The international distribution platform is located in Amsterdam, Boston, Frankfurt, Geneva, London, Madrid, Milan, New York, Paris, San Francisco, Stockholm, Vienna and Zurich.

The activities of Kepler Cheuvreux are organized across four business lines:

  • 1. Equities: research, sales & sales trading
  • 2. Debit & Credit: brokerage in interest rate products
  • 3. Corporate Finance: mergers and acquisitions
  • 4. Investment Solutions: structured products and other investment solutions

Kepler Cheuvreux distinguishes itself by the quality and breadth of its research which is utilized across all its business lines:

  • The largest research footprint in Europe: 700 companies under coverage, 29 sectors, 12 countries, 95 analysts
  • Thematic, macro-economic and quantitative research
  • Cross-asset strategies which are dedicated to investment products


For further details, please go to: www.keplercheuvreux.com


About Derivatives Capital

An investment company approved in October 2010 by l’Autorité de Contrôle Prudentiel, the company is a specialist in the research and creation of bespoke structured products aimed at institutional investors, corporate clients and networks of private wealth managers (banks, investment companies and distribution platforms). Owned 100% by its management, the company benefits from its own structuring team and works with a network of more than twenty investment banking partners. Having achieved its best ever results in 2013, the company has shown itself to be one of the leaders in the French market of advice and product structuring.


Contacts

Patricia OUAKI
Media relations - Agence Force Media
[email protected]
+33 (0) 1 44 40 27 50 / +33 (0) 6 07 59 60 32