Chatham Financial announced today that it has managed to acquire the London based firm JCRA Group. The acquisition is going to expand Chatham’s reach in Europe significantly and establish it as one of the more influential financial risk management solutions providers in the world. The coming together of the two companies is a development that would increase Chatham’s capabilities significantly. It is also likely to expand its footprint in a market in which it wants to grow.
The two companies boast of 3,000 clients between them and in addition to that, provide counsel on as many as 20,000 transactions each year. The notional value of those transactions stands at a mind-boggling $700 billion each year. The merger will result in Chatham becoming far more efficient with regards to expertise in capital markets and also provide excellent service with regards to tech and volume. The advanced technology will give its clients the option to use actionable data and tools that could enhance performance significantly.
Brian Conly, Managing Partner, Global Head of Private Equity & Infrastructure, and Co-head of Europe, spoke about the acquisition. He said,
Clients of both firms will benefit from our enhanced ability to manage their exposure to capital market risks and innovate alongside them.
Chatham’s expanded European team will continue to deliver best-in-class trade execution while helping clients navigate rapidly evolving markets, from LIBOR replacement to Brexit.
JCRA is a completely employee-owned firm, and the sale would also make for a successful exit for Connecticut Capital. JCRA’s CEO, Jackie Bowie, stated,
We’re enthusiastic about the future. The combined team’s knowledge of the European markets, now supported by Chatham’s leading technology platform, will raise the bar for what clients expect when transacting in the debt and derivative markets.