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Successful first half 2012 for Silvia Quandt & Cie. AG, Brokerage & Investment Banking
- Successful placement of bond for ADC African Development Corporation
- Research, brokerage and designated sponsoring are developing well
- Promising ECM deal pipeline for the second half-year
- Expansion of the range of services to bond- and forex-brokerage in the second half of 2012
Silvia Quandt & Cie. AG, in cooperation with biw Bank für Investments und Wertpapiere AG has successfully placed a bond option on behalf of ADC African Development Corporation in the amount of EUR 40 million to international institutional investors. ADC is a fast growing pan-African banking group focused on the frontier markets of sub-Saharan Africa and is listed in the Prime Standard of the German Stock Exchange. ADC will utilize the proceeds to finance further growth, particularly through further acquisitions.
After the successful capital increases for MagForce AG, the KWG Kommunale Wohnen AG and the Progress-Werk Oberkirch AG, this is the fourth capital markets transaction in the first half of 2012 that Silvia Quandt & Cie. AG has completed succesfully. Overall, in the first half of the year capital measures with a total amount of EUR 91.6 million were accompanied.
Mr. Hans Ostermair, Board Member of Silvia Quandt & Cie. AG, commented on the placement of the bond for ADC as follows: 'Despite a very difficult capital market environment, we are pleased that we were able to successfully place this transaction with international institutional investors'. 'This shows that even in a difficult capital market environment, transactions are possible if the issuer offers attractive opportunities and the bank has favorable placement capabilities. The fact that strategic ADC shareholders such as the Angermayer, Brumm & Lange Group have guaranteed the placement of emissions has also contributed to this success. In the second half of the year, we also strive to take advantage of our access, especially of that to our Anglo-Saxon investors in order to provide capital to create further growth for German companies.'
For Silvia Quandt & Cie. AG, the transaction is a good conclusion to a successful first half year. In addition to the equity capital markets business, the areas of research and brokerage developed dynamically despite the adverse environment. As of 1st July, the research team will be further strengthened by Claudia Lakatos in the area of pharmaceuticals and healthcare supplements. Amongst other things, Mrs. Lakatos used to work for Macqauire as an analyst in these sectors. Over all 10 analysts are employed at the Silvia Quandt & Cie. Research GmbH.
Even though the euro crisis continues to put a strain on the stock market, the interest of foreign investors in German equities in particular is rising continuously. The number of brokerage customers of Silvia Quandt & Cie. AG has increased by approx. 15 percent since the beginning of this year. In particular, the cooperation with the New York-based Scarsdale Equities LLC to support American investors has been bearing the first fruits sooner than expected. Hitherto, 12 U.S. blue-chip investors are among our brokerage customers. In addition, this partnership allows European institutional investors to deal with U.S. equities through Silvia Quandt & Cie. AG.
From August 2012 on, the brokerage expands its product range: in addition to trading German and international equities, Silvia Quandt & Cie. AG now also offers FOREX- and bondbrokerage to its institutional customers in cooperation with specialized partner banks.
Only one and a half years after the commencement of this business unit, Silvia Quandt & Cie. AG is with almost 60 values already among the top five providers in Germany in the area of designated sponsoring.
Besides the core business German corporates - Silvia Quandt Research GmbH currently has 180 companies under research coverage, contributing to 80 percent of the DAX stock, 70 percent of the MDAX titles and 45 percent of all SDAX titles - there are also transactions in the areas of emerging markets and commodities similar to the ADC transaction in the second half of the year on the agenda. In this area, the team has already managed to acquire some significant IPO mandates, not least because of the involvement of Silvia Quandt & Cie. AG with the Angermayer, Brumm & Lange Group, whose four core subjects include German SMEs, renewable energy, emerging markets and commodities.
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