RiverRock European Capital Partners acquires broker-dealer
RiverRock European Capital Partners has acquired a controlling stake in Chenavari Financial Advisors, the broker-dealer business of Chenavari Financial Group.
The transaction was completed on 17 May 2013 and the business has been renamed RiverRock Securities (RRS).
Established in 2009, RRS is an advisory firm specialising in OTC derivatives and structured products as well as fundraising and distressed assets advisory.
With this acquisition, RiverRock is diversifying its core asset management business into securities brokerage and generating new avenues of growth.
RiverRock partner and co-chief executive Michel Péretié (pictured) says: “I am delighted with this acquisition which is an exciting complement to our existing businesses advancing our goal to bring superior solutions and value to our clients. This is a terrific team of professionals with an excellent reputation and we are proud to welcome them within RiverRock.”
Mikael Mallion, managing director and shareholder of RRS, says: “We are delighted to have RiverRock whose partners include Prof. Roland Berger, Michel Péretié and Florian Lahnstein joining us as shareholders. They bring substantial expertise and relationships, which will complement our business.”
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