Kepler Cheuvreux: Atlas, ERES to Buy Minority Stakes
June 27 2018 - 5:39AM
Dow Jones News
By Max Bernhard
Independent financial advisory Kepler Cheuvreux said Wednesday
that Atlas Merchant Capital and Edmond de Rothschild Equity
Strategies have each agreed to take minority stakes in the
company.
The Paris-based company said Atlas agreed to take a 19.7% stake
in Kepler Cheuvreux, while Swiss private bank Edmond de
Rothschild's equity strategy unit, ERES, is to take 8% of its share
capital.
The deals come after BlackFin Capital Partners together with
other co-investors disposed of their 23.9% stake in Kepler
Cheuvreux.
"Both Atlas and ERES will help us to invest in our organic
expansion and in our targeted acquisition strategy," said Laurent
Quirin, chairman of Kepler Cheuvreux's supervisory board.
UniCredit SpA (UCG.MI) said earlier on Wednesday that it
increased its stake in the company to 10.3% from 5.2%.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
June 27, 2018 05:24 ET (09:24 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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