FIMALAC: Difference between revisions
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'''FIMALAC''' (a.k.a. Financière Marc de Lacharrière) is a French holding company focusing on [[credit rating]] and [[risk management]] companies.<ref name="businessweek">[http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=FIM:FP BusinessWeek profile]</ref><ref name="bloomberg">[http://www.bloomberg.com/apps/quote?ticker=FIM:FP Bloomerg profile]</ref><ref name="lesechos">[http://bourse.lesechos.fr/bourse/profil/details_societe.jsp?Code=FR0000037947&Place=XPAR&Codif=ISIN Les Echos profile]</ref> It operates in three business areas, credit ratings where it owns [[Fitch Group]] the third largest ratings agency, commercial real estate through North Colonnade Ltd and private equity fund through its |
'''FIMALAC''' (a.k.a. Financière Marc de Lacharrière) is a French holding company focusing on [[credit rating]] and [[risk management]] companies.<ref name="businessweek">[http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=FIM:FP BusinessWeek profile]</ref><ref name="bloomberg">[http://www.bloomberg.com/apps/quote?ticker=FIM:FP Bloomerg profile]</ref><ref name="lesechos">[http://bourse.lesechos.fr/bourse/profil/details_societe.jsp?Code=FR0000037947&Place=XPAR&Codif=ISIN Les Echos profile]</ref> It operates in three business areas, credit ratings where it owns [[Fitch Group]] the third largest ratings agency, commercial real estate through North Colonnade Ltd and private equity fund through its subsidiary Fimalac Développement. |
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==History== |
==History== |
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Revision as of 16:46, 6 September 2013
| Company type | Société Anonyme |
|---|---|
| Euronext: FIM | |
| Industry | Financial services, Investment management |
| Founded | 1991 |
| Headquarters | Paris, France |
Key people | Marc Ladreit de Lacharrière (Founder and CEO) |
| Products | Credit ratings, Commercial real estate, Private equity fund |
| Subsidiaries | Fitch Group (50%), North Colonnade Ltd, Fimalac Développement |
| Website | www |
FIMALAC (a.k.a. Financière Marc de Lacharrière) is a French holding company focusing on credit rating and risk management companies.[1][2][3] It operates in three business areas, credit ratings where it owns Fitch Group the third largest ratings agency, commercial real estate through North Colonnade Ltd and private equity fund through its subsidiary Fimalac Développement.
History
FIMALAC was created by Marc Ladreit de Lacharrière in 1991.[4] He serves as the CEO,[3] and holds 100% of the shares of the FIMALAC Group, that holds ~80% of FIMALAC.[5] It is headquartered in Paris.[1][2][3] It operates in the United States, Canada, the United Kingdom, France and other members of the European Union, Asia, and South America.[1]
In 2005, FIMALAC acquired Algorithmics Inc.,[6] which it sold to IBM in October 2011.
In 2011, it acquired 40% of Groupe Lucien Barrière.[6]
Divisions
- Fimalac owns 50% of Fitch Group (alongside the Hearst Corporation). Fitch Group is a major financial services player with a strong presence in the ratings market. Fitch Group reported revenue of €545.0 million in 2010/2011.
- Fimalac also operates in the real estate sector, mainly through North Colonnade Ltd. North Colonnade owns an major office building project in the prestigious Canary Wharf district of London set to open in 2018. Part of the building will be occupied by Fitch Group. This 320,000 sq ft property is expected to generate recurring revenues for Fimalac over a long period.
- Fimalac also owns diversified investment portfolio through its Fimalac Développement subsidiary. The private equity fund acquires stakes in competitive companies with growth potential. Fimalac owns stakes in companies such as Stadôme, Auguri Productions, and a 34% interest in Groupe Lucien Barrière from Accor [7]
References
- ^ a b c BusinessWeek profile
- ^ a b Bloomerg profile
- ^ a b c Les Echos profile
- ^ Lacharrière : «Finance et culture sont complémentaires», in L'Express, 05/10/2007 [1]
- ^ Organizational chart of the Fimalac Group
- ^ a b Official website recent news
- ^ http://www.fimalac.com/regulated-information.html FIMALAC Investor Relations
External links
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