Post on 20-Jun-2020
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MACQUARIE & FOX-PITT KELTON COCHRAN CARONIA WALLERFUTURE COMBINED OFFERING TO FINANCIAL INSTITUTIONS
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Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced it has
entered into an agreement to acquire Fox-Pitt Kelton Cochran Caronia Waller (“FPK”),
a leading specialist investment bank focused on financial institutions. The acquisition
will enhance Macquarie’s integrated offering to financial institutions around the world,
adding deep expertise in North America and Europe to complement Macquarie’s well-
established FIG position in the Asia-Pacific region.
A New Global Force in FIG
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Fox-Pitt Kelton Cochran Caronia Waller is a global specialist investment bank focused exclusively on the financial services sector.
As a top-ranked underwriter of equity securities and corporate advisor, FPK offers mergers and acquisitions, corporate restructuring, equity capital markets, and sales, trading and research services for banks, insurance companies and other financial services companies globally.
Founded in 1969 in Sydney, Macquarie Group is a diversified global financial services organization, providing banking, financial, advisory, investment and funds management services in all major financial markets.
Macquarie’s main business focus is providing a broad range of products and services to clients, including institutional, corporate and retail clients and counterparties around the world.
Over 600 institutional investor relationships
Deep sector knowledge across M&A and ECM
Trading and advisory
Coverage of over 450 financial services stocks in Europe, North America and Asia
In-depth and focused research
267 financial institutions professionals across 8 offices
Financial services specialist
Market capitalization of ~$US15 billion
Rated A+ (Fitch) / A (S&P)
Assets under management of $US190 billion (at 7/31/09)
Size and strength
Coverage of over 380 financial services stocks in Europe, North America and Asia
Comprehensive research coverage
70 office locations in 26 countries
Leading Asia-Pacific presence
Global reach
Specialist Financial Services Investment Bank
Global Securities, Advisory and Capital Markets Platform
Two Complementary Platforms
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One Global Force
REACHGlobal, full-service securities, capital markets and advisory offering to financial institutions
Leading Asia-Pacific presence delivering more to clients in a sector that demands an international perspective
SECTOR SPECIALIZATION
324 financial institutions professionals with deep expertise across advisory, capital markets, trading, distribution and research
CAPITALBalance sheet strength
Increased underwriting capacity and strong relationships with third party capital providers
Significant principal and agency private equity business enhances capabilities to partner with clients
PRODUCTS
Innovative and integrated product offering
Global sector research coverage; 24/7 distribution and execution; Convertibles and synthetics
Equity, debt and private capital markets; Securitization capabilities
Corporate advisory and restructuring
COMBINED, WE DELIVER…
…TO BRING CLIENTS AN INTEGRATED FINANCIAL INSTITUTIONS OFFERING AROUND THE WORLD
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International Reach
324 financial institutions professionals across 8 offices
Complementary fit with Macquarie’s well-established financial services presence in Asia-Pacific, creating a global FIG franchise
Deep sector knowledge with more than 250 financial services M&A advisory and technical professionals
Specialist global research coverage and distribution in major markets globally, providing research on 765 global financial stocks in Europe, North America and the Asia-Pacific region
Sales and trading expertise serving more than 1,700 international institutional clients globally in 26 financial centers
Member of 23 exchanges with distribution capabilities in all major financial centers globally
ASIA-PACIFIC99 FIG professionals
CANADA4 FIG professionals
EUROPE88 FIG professionals
AFRICA4 FIG
professionals
MIDDLE EAST 5 FIG professionals
USA124 FIG professionals
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FUTURE COMBINED RESEARCH COVERAGE OF 765 FINANCIAL SERVICES STOCKS
UndisclosedAdvisor to Liberty Mutual on sale of key assets to multiple buyers
US$63.3mnTexas Capital Bancshares follow-on offering
US$200mnAdvisor to GTCR on investment in Ironshore
UndisclosedAdvisor to Fortis in consortium acquisition of ABN Amro
2007
US$4.7bnAdvisor to Tokio Marine on its acquisition of Philly Consolidated
US$19.7bnIPO of Visa Inc
A$2.0bnQBE Insurance Group equity raising
2008
A$1.5bnCommonwealth Bank of Australia PERLS V equity raising
US$8.6bnWells Fargo follow-on offering
2009
HK$1.9bn
CHF16.0bn
Advisor to AXA Asia Pacific on its acquisition of Winterthur Life Hong Kong
UBS rights issue
SELECTED TRANSACTION EXPERIENCE
Sector Specialization
20South Africa
78South East Asia
32Taiwan
291United States
71United Kingdom
26India
52Hong Kong
48Europe
23Canada
49Australia/New Zealand
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48
Korea
Japan
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FUTURE FULL SPECTRUM GLOBAL FINANCIAL SERVICES OFFERING
Future Product Offering andGreater Access to Capital
Executing a broad spectrum of transactions in conjunction with capital sourcing capabilitiesUnique perspective as an investor as well as an advisor in identifying value maximization techniques
MERGERS AND ACQUISITIONS
Tailored risk management products through a global institutional derivatives platform
SYNTHETICS & INSTITUTIONAL DERIVATIVES
Dedicated team with strong experience in structuring and arranging a significant number of convertibles for clients in a wide range of industries
CONVERTIBLES & HYBRIDS
Arranging and distributing a range of private capital placementsAlternative debt and equity investment opportunities for investors
PRIVATE CAPITAL MARKETS
Arranging and placing billions of dollars of finance through the capital markets, bridging arrangements, bank syndications and subordinated debt placements
DEBT CAPITAL MARKETS
Raising new equity for private and public companies, and selling existing equity in public companiesArranging and distributing hybrid capital management instruments
EQUITY CAPITAL MARKETS
Specialist investment funds model and established track record investing in businessesHands-on asset management expertise and co-investing capability
Dedicated US restructuring teamRecapitalization, special situations capital raising, distressed M&A and strategic alternatives assessment
PRINCIPAL & CO-INVESTMENT
RESTRUCTURING
InsuranceBanking / Depository
Specialty finance
Marketstructure
Asset Management
FinancialInstitutions
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AUSTRALIA Sydney (Macquarie)No.1 Martin PlaceSydney NSW 2000Switch: (61 2) 8232 3333
Melbourne (Macquarie)Level 23, 101 Collins StreetMelbourne VIC 3000Switch: (61 3) 9635 8000
EUROPELondon (Macquarie)Level 35, CityPoint1 Ropemaker StreetLondon EC2Y 9HDSwitch: (44 20) 3037 2000
London (FPK)25 Copthall AvenueLondon EC2R 7BPSwitch: (44 20) 7663 6000
Paris (Macquarie)41 Avenue George V75008 ParisSwitch: (33 1) 5652 5450
Stockholm (Macquarie)Biblioteksgatan 1111 46, StockholmSwitch: (46 8) 1203 7400
ASIAHong Kong (Macquarie)Level 18, 1 International Finance Centre, 1 Harbour View StreetCentral Hong KongSwitch: (85 2) 3922 1888
Hong Kong (FPK)3108, 31/F, Central Plaza, 18 Harbour RoadWanchai, Hong KongSwitch: (85 2) 3191 8588
Beijing (Macquarie)Suite 1702, Block E2The Towers, Oriental PlazaNo.1 East Chang An AvenueDong Cheng DistrictBeijing 100738Switch: (86 10) 6521 6000
Singapore (Macquarie)23 Church Street#11-11 Capital SquareSingapore 049481Switch: (65) 6231 1111
Tokyo (Macquarie)23F The New Otani Garden Court4-1 Kioi-cho, Chiyoda-kuTokyo 102-0094Switch: (81 3) 3512 7500
Tokyo (FPK)Moto-Akasaka MI Building 4F 1-3-26 Moto-Akasaka, Minato-ku, Tokyo 107-0051Switch: (81 3) 6739 1305
India (Macquarie)Level 4, Earnest HouseNCPA Marg. Nariman PointMumbai 400 021Switch: (91 22) 4230 1200
Indonesia (Macquarie)The Indonesia Stock Exchange Building, Tower I, 8th FloorJalan Jenderal Sudirman,Kav. 52-53, Jakarta 12190Switch: (62 21) 515 1818
Seoul (Macquarie)9F Hanwha Building110 Sogong-dong, Jung-guSeoul 100-755Switch: (822) 3705 8500
Chicago (Macquarie)Suite 5300 Sears Tower233 South Wacker DriveChicago IL 60606 Switch: (1 312) 756 3800
Chicago (FPK)One South Wacker DriveSuite 2700Chicago, IL 60606Switch: (1 312) 425 9335
West Hartford (FPK)970 Farmington Avenue - Suite 205West Hartford, CT 06107Switch: (1 860) 380 2000
Boston (FPK)50 Congress StreetSuite 935 Boston, MA 02109Switch: (1 617) 723 5300
San Francisco (Macquarie)Two Embarcadero CenterSuite 200San Francisco CA 94111Switch: (1 415) 762 5000
San Francisco (FPK)100 Pine StreetSuite 1850, San Francisco,CA 94111Switch: (1 415) 834 0700
Toronto (Macquarie)Brookfield Place, 181 Bay StreetSuite 3100, TorontoOntario M5J 2T3Switch: (1 416) 848 3500
Global Financial Services Locations
Bangkok (Macquarie)28th Floor, CRC Tower,All Seasons Place87/2 Wireless Road, Lumpini, Patumwan, Bangkok 10330Switch: (662) 694 7999
Taipei (Macquarie)5/F New Concord BuildingNo. 2, Section 1, Fushin South RoadTaipei 10492Switch: (886 2) 2734 7500
MIDDLE EASTAbu Dhabi (Macquarie)18th FloorCnr of Electra & Salam StreetAbu DhabiSwitch: (971) 2 696 2155
SOUTH AFRICAJohannesburg (Macquarie)The Place, South Building1 Sandton DriveSandown 2146 JohannesburgSwitch: (27 11) 583 2000
NORTH AMERICANew York (Macquarie)125 West 55th Street22nd FloorNew York NY 10019Switch: (1 212) 231 1000
New York (FPK)420 Fifth Avenue5th FloorNew York NY 10018Switch: (1 212) 687 1105
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