NATIXIS :Natixis and ODDO BHF are considering a long-term partnership aimed at creating a leading equity-market player in con...
December 06 2017 - 12:17PM
PRESS
RELEASE
Paris, December 6, 2017
Natixis and ODDO BHF are considering a
long-term partnership aimed at creating a leading equity-market
player in continental Europe
Natixis and ODDO BHF are considering a
long-term partnership aimed at creating a major player on equity
brokerage and equity capital markets (ECM) in Continental Europe.
The combination of the two partners' equity research and sales
teams serving corporate clients and investors, the strength of
Natixis' Corporate & Investment Banking business and ODDO BHF's
distribution capabilities should enable them to gain
market-shares.
More specifically, Natixis intends to
strengthen its position as a major player on primary equity markets
(capital increases and IPOs), while ODDO BHF wishes to invest in
equity brokerage and equity research, with the goal of cementing
its position in France and extending its coverage on German stocks
so as to join the top 3 in Germany.
Natixis and ODDO BHF would like to offer
investors and issuers a unique solution consistent with regulatory
changes brought in by MiFID 2.
This partnership includes:
- The transfer of Natixis' equity broking and equity research
activities in France to ODDO BHF
- The reunion of both players' equity capital markets activities
in France within Natixis
- The acquisition by Natixis of a 5% equity interest in ODDO
BHF
Natixis and ODDO BHF are seeking a long-term
partnership geared to creating value for investors and issuers.
This solution provides an innovative response that is consistent
with regulatory changes and particularly the entry into force of
MiFID 2.
ODDO BHF confirms its ambition of reinforcing
its position in France (top broker on French stocks, source Extel
2017), and of ranking among the top three equity brokers in
Germany, with these two markets representing 60% of the euro zone's
overall market capitalization.
The new team created by ODDO BHF would cover 600
stocks, including 220 in France and 130 in Germany, and thereby
cover over 80% of the main benchmark indices in France and Germany.
The Research team would also be strengthened on the sectors and
stocks defined as priorities in Natixis strategic ambitions.
The two partners' 515 existing institutional
investor clients would have access to a single execution and
distribution platform and to enhanced decision-making support. The
new team would also increase its capacity to facilitate meetings
between international investors and issuers.
Natixis would cement its position as a major
player in equity capital markets and as a partner of choice
offering strategic dialog to listed companies for equity and
convertible related issuances.
Natixis would rank 3rd in terms of the number of
equity capital markets deals in France, with over 45 transactions
led on behalf of French issuers over the last 3 years and 22 since
the start of 2017.
The expertise of Natixis' Equity Capital Markets
team and ODDO BHF's reinforced research and placement capabilities
would provide listed companies and IPO candidates with one-stop
access to a broad base of French, European and international
institutional investors.
To ensure the success of its transactions,
Natixis would be able to leverage the unique positioning of its
equity primary and syndication teams, and their leadership in
corporate broking (1st in terms of volume and number of deals on
share buybacks on SBF120 companies in 2017 for the 3rd consecutive
year). This proposed partnership would enable Natixis and ODDO BHF
to become leaders on market liquidity contracts in France, with 110
contracts.
The project is subject to consultation with the
employee representative bodies of the different companies
concerned.
About NatixisNatixis is the international corporate and
investment banking, asset management, insurance and financial
services arm of Groupe BPCE, the 2nd-largest banking group in
France with 31.2 million clients spread over two retail banking
networks, Banque Populaire and Caisse d'Epargne. With more than
17,000 employees, Natixis has a number of areas of expertise that
are organized into four main business lines: Asset & Wealth
Management, Corporate & Investment Banking, Insurance and
Specialized Financial Services. A global player, Natixis has its
own client base of companies, financial institutions and
institutional investors as well as the client base of individuals,
professionals and small and medium-size businesses of Groupe BPCE's
banking networks. Listed on the Paris stock exchange, it has a
solid financial base with a CET1 capital under Basel 3(1) of €12.9
billion, a Basel 3 CET1 Ratio (1) of 11.5 % and quality long-term
ratings (Standard & Poor's: A / Moody's: A2 / Fitch Ratings:
A). (1) Based on CRR-CRD4 rules as reported on June 26, 2013,
including the Danish compromise - without phase-in except for DTAs
on tax-loss carryforwards following ECB regulation 2016/445.Figures
as at September 30, 2017
About ODDO BHF ODDO BHF is an independent Franco-German
financial services group, with a history stretching back over 150
years. It was created from the alliance of a French family-owned
business built up by five generations of stockbrokers and a German
bank specialising in Mittelstand companies. With 2,300 employees
(1,300 in Germany and 1,000 in France), and more than 100 billion
euros in assets under management, ODDO BHF operates in three main
businesses, based on significant investment in market expertise:
private banking, asset management and corporate and investment
banking. The Group has a specific ownership structure as 60% of its
capital is held by the Oddo family and 30 % by employees. This
"partnership" ethos guarantees the long-term involvement of its
teams. At 31 December 2016, ODDO BHF generated net banking income
of 577 million euros, net profit after tax of 136 million euros and
at 31 December 2016, the Group had over 814 million euros of
shareholders' equity..
Press contacts Natixis
Sonia
Dilouya
Laure
Sadreux
Tel.: +33 1 58 32 01
03
Tel.: +33 1 58 19 34
17
E-mail: sonia.dilouya@natixis.com
E-mail: laure.sadreux@natixis.com
www.natixis.com
Press Contacts ODDO BHF
CITIGATE
DGMYoann Besse / Laurence Duhamel
Hugues Schmitt / Christian d'Oléon+33 1 53 32 78 89
+33 1 40 70 11 89+33 6 63 03 84 91
+33 6 08 49 89 07yoann.besse@citigate.fr
h.schmitt@dgm-conseil.frlaurence.duhamel@citigate.fr
chrisdo@dgm-conseil.fr
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/a1566ca0-efa1-4a67-ae48-e3e2f77f5277