European Fund News: Exane, Julius Baer, Edifice Capital

Exane suffers from its ties with BNP Paribas
The investment company Exane, last year, renewed its partnership agreement, signed in 2004, by which BNP Paribas took half of the capital and conferred to Exane the exclusive intermediary role for European equities. The managers and employees still holding the other half of the capital might regret this deal as Standard & Poor’s has decided to lower the long term rating of BNP Paribas(by one notch to double A minus from double A) because of disturbances on refinancing and the negative sentiments in the markets. S&P also expects that BNP Paribas and other French banks to report lower earnings. While BNP Paribas group still remains among the top rated , difficult funding conditions in markets weakened its financial profile, and that cause Exane to suffer as well. Moody’s has lowered the rating of the brokerage firm, Exane, from a3 to Baa1 to reflect its dependence on the group for the majority of its working capital needs.

Six Months Later: USMI, SNDS, BNPC

Julius Baer in expansion
Julius Baer is in interested in acquiring the controlling stake in private bank Sarasin whose majority shareholder is the Dutch Bank Rabobank. It is reported that Julius Baer Group already made a bid for the Swiss private bank Sarasin.

Meanwhile, Julius Baer is accelerating its expansion in Asia in alliance with Macquarie. The Swiss bank will rely on banking business of the Australian group. In return, the private banking unit, Macquarie Private Wealth Asia, will be bought by Julius Baer. The establishment Zurich employs about 500 people in Asia,

Edmond de Rothschild sells Private equity Select
According to Agefi and FT, Edmond de Rothschild sold its private equity fund of funds business to management, specialized in the funds of SME (small medium sized enterprises) as it tries to meet to tighter capital requirements as a result of changes in the regulatory and market environment.

David Seligman, based in London, a former SG Warburg banker, have bough Rothschild’s 75 per cent stake in Private Equity Select held by La Compagnie Financière Edmond de Rothschild Banque SA, an investor in small European buy-out funds with $277m in assets under management. The fund will be renamed Seligman Private Equity Select.

Edifice Capital Launches 3 PPP(partnership of public-private) Pan-African Fund
Edifice capital, Management Company dedicated to infrastructure funds, active in euro zone area but also in Morocco, Mediterranean countries, Central and West Africa.
In the North African market infrastructure, Edifice Infra Morocco has just completed its first investment in mining silica sand. In addition, Edifice Capital will launch two pan-African funds by the end of the year: an agricultural fund and an infrastructure fund with sponsor as a sovereign fund. An initial investment in the agricultural sector in Africa, a plantation and processing plant of Stevia (natural sweetener with 0 calories), with the Stevia Growers Group International was recently made

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!