Blackfin et al invest €57m in Kepler

Alongside Banca Leonardo, La Caisse des Dépôts and Crédit Mutuel Arkéa, BlackFin will contribute to the €57m fundraising in exchange for a combined 49.9% stake, valuing Kepler at around €115m.

Initially, the capital will be used to pool the equity brokerage business of Gruppo Banca Leonardo in Italy with KCM's brokerage in Milan to create a major Italian brokerage business.

Going forward, capital will be used to make acquisitions to assist KCM's growth. The firm also hopes to tap BlaclFin's expertise, as it is a specialist financial services investor.

Company
Kepler Capital Markets is an independent European financial services company which, prior to the deal, was 100% owned by employees and management following an MBO in 2008. The firm provides research and brokerage on equities, fixed income, derivatives and corporate finance. The firm is headquartered in Paris and has offices across Europe, in cities such as London, Madrid and Zurich, as well as an office in New York. It employs employs 330 members of staff

People
Laurent Bouyoux, president, represented BlackFin Capital Partners.

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