Independent investment banking group acquires majority stake in alts boutique


Independent investment banking group CFE Finance has agreed to buy 60% of alternative group RiverRock European Capital Partners LLP in a binding deal.

The operation, subject to the approval of the British Financial Conduct Authority, should enable CFE Finance to diversify its investment portfolio in Europe.

Under the terms of the agreement, RiverRock will continue to specialize in alternative investment solutions for global investors and tailored solutions for European small and mid caps.

London-headquartered RiverRock was established in 2009 and its services include asset management, financial advisory, securities brokerage and technology solutions.

It provides debt and equity investments, such as preferred stocks, convertibles and warrant loans.

CFE Finance, created in 2001, is an investment bank specializing in niche credit strategies, with assets under management of 1.5 billion euros.

Michel Péretié, CEO of RiverRock, said: “This transaction will further strengthen and broaden our investment platform now that traditional funding channels are no longer able to fully meet market demand.

Mario Cordoni (pictured), CEO of CFE Finance, said: “Once the acquisition is finalized, we will work immediately with the RiverRock management team to develop the best synergies and strengthen our respective market positioning.”


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