Paris, March 12, 20182
Natixis expands
its M&A advisory footprint through strategic investments in
Fenchurch Advisory Partners in the UK, Vermilion Partners in China,
and Clipperton in France
Natixis announced
that it has agreed to make strategic investments in three flagship
independent M&A boutiques, all of which are recognized as
strong leaders in their respective market segment (Financial
Services, China M&A and Technology respectively). The combined
impact of these three investments on Natixis' CET1 ratio is
estimated at around 8bps.
Following the acquisitions of
Leonardo & Co France and 360 Corporate (renamed Natixis
Partners and Natixis Partners España respectively) in 2015, and of
PJ SOLOMON in New York in 2016, these transactions will allow
Natixis to accelerate the internationalization of its businesses,
further strengthen its M&A advisory offerings in the Financial
Services and Technology sectors, and contribute to the development
of Natixis in Europe and Asia Pacific.
-
Fenchurch Advisory Partners: a
leading M&A advisory firm serving
financial institutions
Fenchurch Advisory Partners LLP
(Fenchurch) is a specialist independent corporate finance advisory
firm exclusively focused on providing expert advice to the
financial services sector. The Fenchurch team has advised on
over 200 completed transactions worth more than £150 billion,
involving situations worth billions to tens of millions. Fenchurch
has established a leading position in the UK market with deep
expertise across the financial services sector including in
insurance, asset and wealth management and specialty finance.
Natixis has entered into an
agreement (subject to regulatory approval) to make a 51% strategic
investment in Fenchurch which will continue to be managed by the
current partners.
The partnership with Fenchurch
will reinforce Natixis' financial services advisory capabilities
and act as a catalyst to further develop its reach in the sector in
Europe and in the US.
Malik Karim,
Executive Chairman of Fenchurch, said: "Since
formation in 2004, Fenchurch has evolved into a leading M&A and
strategic advisor to major financial institutions. This strategic
partnership with Natixis enables our proposition to be even more
aligned to support the increasingly complex needs of our clients
whose businesses and strategic aspirations develop in an
increasingly international context. Through their continuing
significant ownership interest in the firm, the Partners at
Fenchurch are making a long-term commitment to developing the firm
as a leading independent corporate advisor to financial
institutions combining deep sector expertise and first class
execution capabilities."
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Vermilion Partners: a
specialist of cross-border transactions in China
Founded in 2004, Vermilion
Partners has offices in Beijing, Shanghai, Shenzhen, London and
Munich. The firm focuses on cross-border transactions between China
and the rest of the world, advising on both inbound and outbound
M&A transactions. With one of the largest cross-border advisory
teams on the ground in mainland China, Vermilion Partners has a
successful track record of advising prominent multinational and
Chinese private and state-owned companies.
Natixis has entered into an agreement to invest for a majority
stake in Vermilion Partners, the completion of which is expected on
receipt of regulatory approvals. Vermilion will continue to be
managed by the current team.
The partnership with Vermilion Partners will add to Natixis'
existing capabilities in China, a market in which Natixis has had
an on-the-ground presence since 1994, with branches in Shanghai and
Beijing.
Natixis has supported a number of
large institutions in their overseas development, providing them
with the full spectrum of financial advisory, financing and hedging
solutions.
Peter Batey,
Chairman of Vermilion Partners, commented: "Our
business is built on our commitment to provide clients with
high-quality advice. By delivering the option of Natixis' global
footprint and financing capabilities we will enhance our offering
to both Chinese and international clients. We are delighted to be
partnering with an institution that is committed to China for the
long-term."
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Clipperton: a European Tech
expert
Clipperton is a French-based
M&A boutique specialized in high-growth Technology. With
offices in London, Berlin, and Paris and an international reach,
Clipperton is a European leader in Technology financial advisory.
Over the past 15 years, the team has successfully completed more
than 200 high profile transactions globally.
Natixis has entered into an agreement to invest for a minority
stake in Clipperton through its subsidiary Natixis
Partners.
Natixis Partners and Clipperton will join forces and leverage on
Natixis extended M&A global footprint in order to further
assist entrepreneurs, PE funds and corporates in their digital
developments globally with the objective to establish a top-tier
Corporate Finance advisory offering in the Tech field.
On behalf of Clipperton's Managing
Partners, Nicolas von Bülow commented: "We are particularly pleased with this new development,
which will allow us to better serve our customers and significantly
expand our international network, range of services and skills.
Digital technologies are more than ever at the heart of major
economic issues, and we have been working on assisting this digital
transformation for fifteen years now, alongside major international
groups as well as start-ups and European investment funds. It was
therefore essential for us to bring even more experience and
international access to our customers, and that is what this
alliance will enable us to do."
Marc Vincent,
member of Natixis' Senior Management Committee, Global Head of
Corporate & Investment Banking, added: "These
strategic investments are a key milestone in the implementation of
the New Dimension plan and in the development of Natixis. Our
unique multi-affiliate M&A advisory model has proved its worth,
allowing us to expand our advisory capabilities by combining with
firms with very specific areas of expertise. The acquisition of key
expertise in Financial Services, China and European Tech is
complementary to our existing franchise and will strongly enhance
our strategic dialogue with clients."
After the completion of the
investments announced today, the Natixis global M&A franchise
will be articulated around its in-house teams and a network of 6
partner boutiques: Natixis Partners, Natixis Partners España, PJ
SOLOMON, Fenchurch Advisory Partners, Vermilion Partners and
Clipperton.
It will encompass more than 200 professionals in France, the United
States, the United Kingdom, Spain, Italy, Germany, and China
including Hong-Kong.
About Natixis
Natixis 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 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 billion, a Basel 3 CET1 Ratio (1) of 10.65 %
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
.
Figures as at December 31, 2017
About Fenchurch
Fenchurch was established in 2004 to serve the
unique requirements for expert corporate finance advice to the
financial services industry. Fenchurch develops long-term trusted
advisory relationships with its clients, supporting them throughout
cycles in identifying and pursuing strategic alternatives. Since
inception, Fenchurch has advised on over 200 completed transactions
with a combined value in excess of £150 billion.
Fenchurch has
recently advised on a number of significant transactions including:
Standard Life Aberdeen on the sale of its insurance business to
Phoenix Group (2018); LV= on the sale of a 49% stake in its GI
business to Allianz (2017); Axis Capital on its recommended cash
offer for Novae Group (2017); AGER Bermuda, the holding company of
Athene's European operations, on its acquisition of Aegon Ireland
(2017); RL360 on its acquisition of Friends Provident International
from Aviva (2017); Standard Life on its recommended all-share
merger with Aberdeen Asset Management (2017); AXA on the sale of
its UK wealth management businesses (2016); L&G on the sale of
Cofunds to Aegon (2016); and Investec on the sale of Kensington to
Blackstone and TPG (2014).
About Vermilion Partners
Vermilion is a China-focused mergers and
acquisitions firm with international operations. It provides
cross-border transaction advice to leading multinational and
Chinese companies. Vermilion advises clients seeking to
establish or develop their businesses through mergers and
acquisitions, joint ventures, restructurings or organic
growth.
Vermilion has advised on landmark transactions
across a range of sectors, including: CSL's acquisition of Wuhan
Zhong Yuan Rui De Biologicals (2017), various disposals and
partnerships for McDonalds (2011-13), Imperial Brands' partnership
with Yunnan and Tian Li International (2017), Diageo's acquisition
of Shuijngfang Group (2006-13), Constellation Brands
partnership with VATS (2014), Tate&Lyle's acquisition of Winway
Biotechnology (2013), RBS' joint venture with Guolian Securities
(2011), and the acquisition of West Bromwich Albion Football Club
on behalf of Yunyi Guokai (2016).
About Clipperton
Clipperton is a European independent corporate
finance advisory firm exclusively dedicated to the Technology &
Internet industries, advising innovative companies on M&A
transactions, debt financings and equity offerings. With offices in
London, Paris, and Berlin and an international reach, Clipperton is
a European leader in Technology financial advisory. Over the past
15 years, the team has successfully completed more than 230 high
profile transactions globally.
Natixis expands its M&A
advisory footprint through strategic investmen
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Source: NATIXIS via Globenewswire