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News / Insights

  MainFirst Bank AG becomes Euronext Paris listing sponsor

Frankfurt am Main, 23 January 2019 – MainFirst Bank AG, a leading European equity research and brokerage firm, is celebrating its accreditation as a Euronext listing sponsor today with a bell ringing ceremony in Paris. As a listing sponsor, MainFirst Bank AG will support companies of all sizes wishing to list on Euronext – both before and after their IPO. For example, MainFirst Bank AG will assist businesses in evaluating the most suitable market for them and meeting the regulatory challenges involved in an IPO. And, in the post-IPO period, MainFirst Bank AG will advise the companies on compliance with statutory and regulatory requirements and contractual obligations and serve as their main contact for Euronext.

“We are delighted to have been accredited as a Euronext listing sponsor,” said Ebrahim Attarzadeh, CEO at MainFirst Bank AG. “The listing sponsor accreditation emphasizes our high level of competence in allcapital market business matters.” Euronext requirements for accreditation in this capacity include comprehensive expertise in advising businesses on their capital structure and strategy, a proven track record in equity transactions, qualified and experienced staff and adherence to certain compliance requirements.

“We are delighted to have been accredited as a Euronext listing sponsor,” said Ebrahim Attarzadeh, CEO at MainFirst Bank AG. “The listing sponsor accreditation emphasizes our high level of competence in allcapital market business matters.” Euronext requirements for accreditation in this capacity include comprehensive expertise in advising businesses on their capital structure and strategy, a proven track record in equity transactions, qualified and experienced staff and adherence to certain compliance requirements.

“It is an honour for us as a Euronext listing sponsor to work even more closely with companies in Euronext core markets too. This means we can jointly develop appropriate capital market strategies and monitor them in their IPO,” Attarzadeh said. “Accreditation as a Euronext listing sponsor dovetails with ou rEuropean growth strategy. Our acquisition of the institutional brokerage business in European equities from Raymond James in Paris and London will enable us to further expand our strengths in distribution and research. We would also like to expand the M&A advisory business, fixed income and debt capital markets following Stifel's planned purchase of MainFirst Bank AG,” Attarzadeh stressed.

MainFirst Bank AG acquired the institutional brokerage business in European equities from Raymond James in Paris and London in December. The merger with the leading full-service middle-market investment bank Stifel Europe is expected to be completed in the first quarter of 2019. It will create a pan-European platform with deep local expertise and distribution power throughout Europe's major markets. MainFirst Bank AG will also add significant capital raising abilities to Stifel’s strong equity issuance business.

  MainFirst Bank AG to combine with Stifel Europe

- MainFirst Bank AG is widely recognized for excellence in equity research and equity brokerage
- The combination creates a Pan-European platform with deep local expertise and distribution power
- MainFirst Asset Management to remain independent 

Frankfurt/Main, 06 November 2018 – MainFirst Holding AG today announced that it has agreed to combine the Investment Banking Equities of Mainfirst with Stifel Europe, a leading full-service middle-market investment bank based in London that is a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF). As a consequence, Stifel Europe acquires MainFirst Bank AG, MainFirst Schweiz AG and MainFirst Securities US Inc. Terms of the transaction were not disclosed. Closing is expected in the first quarter of 2019, pending regulatory approvals. Senior leadership from MainFirst has executed continuation agreements. The acquisition does not affect MainFirst Asset Management. In order to underline its independence, MainFirst Asset Management was split off from MainFirst Bank AG this year and now operates under its new independent corporate structure as MainFirst Affiliated Fund Managers (Germany) GmbH.

MainFirst is widely recognized for excellence in equity research, ranking as the number one provider of country research in both Germany and Switzerland, according to the 2018 Extel Survey. Coupled with Stifel’s existing strength in the U.K. market, the merger creates a Pan-European platform with deep local expertise and distribution power throughout the continent’s major markets. MainFirst carries a full German banking license, enabling Stifel to continue offering corporate advisory, brokerage and investment banking services and clear and settle secondary equity and fixed income trades post-Brexit.

MainFirst also adds significant capital raising capabilities to Stifel’s already robust equity issuance business. Through the first three quarters of 2018, Stifel ranked as the fourth largest fundraiser on the London Stock Exchange, based on both volume (25) and value (1.8 billion pounds) of deals. MainFirst is increasingly focused on syndicate roles, leveraging the firm’s core expertise in research and distribution.

“We are excited to join Stifel, and work with our new colleagues,” commented Ebrahim Attarzadeh, CEO and Head of Equities of MainFirst. “Combined, we will be more relevant to clients in both our brokerage and investment banking businesses.”

“We are extremely pleased to partner with MainFirst, as we continue to make opportunistic investments in our business,” said Eithne O’Leary, President of Stifel Europe. “Given the evolving European regulatory environment and changing market dynamics, we will continue to pursue strategies that enable us to best serve current and future clients with a wider range of products.

 

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  MainFirst acquires European Equities institutional brokerage business from Raymond James

Frankfurt/Main, 09 October 2018 - MainFirst Bank AG, a leading independent European equity research and trading firm, will acquire the institutional brokerage business in European equities from Raymond James in Paris and London effective December 1, 2018. As part of this acquisition, MainFirst will also add 29 employees from Raymond James in Paris including Research, Sales and Sales Trading and a further six Research employees in London. These individuals will be integrated into the MainFirst organisation. The acquisition will strengthen MainFirst's strategic position, particularly in France.

"With this step, we will achieve economies of scale, better leverage our competitive advantages in the new world of MiFiD II and an expanded platform to serve our clients," said Ebrahim Attarzadeh, CEO and Head of Equities at MainFirst Bank AG. As a result of the acquisition, the number of European shares covered by MainFirst sees a rise by approximately a quarter to 400, with the number of MainFirst's institutional clients in France also increasing significantly.

  MainFirst awarded Best Equity Research for German and Swiss equities

Frankfurt am Main, 6 June 2018 – MainFirst Bank AG has won Best Research for German and Swiss equities in the Extel Survey 2018, Europe's foremost evaluation of the best brokers in research and trading. MainFirst thus maintained its top ranking for Switzerland, and climbed from second to first place for research in Germany.

Every year, a top quality body of sector specialists at Extel Survey evaluates areas including the services of research providers, using the results of a broad-based investor survey. Some 7,000 institutional investors participate in the survey annually. “The fact that we have been named best research provider for equities in Germany and Switzerland serves to underscore our strategy. The experience of our research team, the independence of our around 40 analysts and their excellent contact network to companies enable us to provide high quality research that offers real added value for investors. We focus primarily on German, Swiss, French and Italian equities and several European sectors,” said Lyonel Françoy, Head of European Research at MainFirst. “We plan to expand our coverage of French and Italian equities in addition to our broad scope of German and Swiss securities.”

“The results of this year's survey underpin our success as one of the leading equity research and trading providers. We have recently significantly increased our market share in the area of equities,” said Ebrahim Attarzadeh, Head of Equities and member of the Board of Management at MainFirst Bank AG. “The award for best research in German and Swiss equities is particularly representative in the new world of MiFID 2, where customers are only willing to pay for differentiated, high quality and independent equity research. The award is more than just an acknowledgement, it is also an incentive. Our objective is, and will remain, to offer our clients top class research and efficient execution,” said Attarzadeh.

  MAINFIRST CHARITY DAY - Many thanks!

We would like to thank all our customers, business partners and staff very much for the active and successful participation in this year's CHARITY DAY. Your contribution will allow us to ensure the work of MAINFIRST CHARITY also in the future and to support many important social projects. Many thanks.

 

 

  MainFirst Equity Brokerage: Top rankings for MainFirst’s Equity Analysts at Thomson Reuters Analyst Awards

Frankfurt am Main, June 26, 2017 – Five equity analysts from MainFirst Bank were honoured for the quality of their analyses at this year’s Thomson Reuters Analyst Awards, an annual ranking conducted by the media group of the same name to recognize the best sell-side analysts. Andreas Heine, Christian Korth, René Locher and Alain-Sebastian Oberhuber all received an award while Jean-Baptiste Sergeant accepted awards in two categories.

Ebrahim Attarzadeh, Head of Equities at MainFirst, said:
„We are delighted that the excellent individual performance of our analysts was recognized by Thomson Reuters, especially as it comes in the wake of this year’s Extel Survey, which confirmed our position as one of the leading brokerage houses for German and Swiss equities. All these results once again demonstrate our aim to be one of the leading companies in European equity research.

”The Thomson Reuters Analyst Awards honour the top three "Earning Estimators" and "Stock Pickers" in a total of 14 regions. All MainFirst awards at a glance:

Construction & Materials (Europe Overall)
Top Stock Pickers: #1 Christian Korth

Insurance (Europe Overall)
Top Stock Pickers: #2 René Locher

Food & Household Products (Europe Overall)
Top Earnings Estimator: #3 Alain-Sebastian Oberhuber

Chemicals (Germany)
Top Earnings Estimator: #3 Andreas Heine

Media (France)
Top Stock Pickers: #2 Jean-Baptiste Sergeant
Top Earnings Estimator: #3 Jean-Baptiste Sergeant

  Haron Holding AG looking to increase its stake in MainFirst Holding AG – no impact on MainFirst business policy and customer services

Frankfurt am Main, 24 November 2016 Haron Holding AG is planning to increase its stake in MainFirst Holding AG. Accordingly, Haron Holding, which to date holds 44.9 percent of the share capital of MainFirst Holding, has made a purchase offer to the shareholders of MainFirst Holding with the aim of acquiring a further 29 percent of share capital. As with all such transactions, the offer is subject to approval from BaFin within the framework of ownership control procedures. 

The management, partners and Board of Directors of MainFirst Holding AG welcome the offer from Haron Holding. Haron has been a shareholder in MainFirst for two years and supports the business model and strategy of MainFirst Group. On the one hand, this is based on the European equity brokerage platform with highest quality research. On the other hand, this implies the successful multi-boutique approach in asset management, in which highly experienced fund management teams pursue the clearly defined implementation of their respective investment styles. An acquisition by Haron of the majority shareholding will have no influence on the business policy and customer services of MainFirst. Haron Holding is a long-term investor and reliable partner for MainFirst. 

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  MainFirst Charity Day 2016

Following the positive feedback and a total fund raising of more than EUR 3 million for our social commitment since 2001, we will again hold a MAINFIRST CHARITY DAY this year.

 

 

On 17 November, all revenues generated in our Equity Brokerage will be transferred to our charitable non-profit organisation MAINFIRST CHARITY gGMBH and then be passed on as donations to various domestic and international social facilities. The selection of eligible projects takes place in close coordination with team members in our offices who frequently have direct or indirect personal contact with the respective organisations. We particularly promote the support of socially disadvantaged children and young people, the fight against and relief from incurable diseases, as well as the general improvement of the situation of people in distress and acute need.

For many years in Germany we have provided support to the German Child Protection Association ('Deutscher Kinderschutzbund') and the Frankfurt Food Bank ('Frankfurter Tafel') as well as supported the integration of refugees. We have also underwritten a student scholarship for newly immigrated young people. In the UK we support a children’s hospice, in the United States a facility for children with cancer and their families and in Italy two therapeutic facilities for seriously ill children.

Moreover, we strive to provide ad hoc help in crisis situations. This year, we made a donation for the victims of Hurricane 'Matthew', which caused major damage in southern Haiti.

We hope that you may support us in our social commitment and help us to continue to promote the projects that we have been committed to for a number of years. It is our hope that in this way, we can contribute to targeted and effective aid.

We look forward to many contributions to the MAINFIRST CHARITY DAY. For further inquiries please do not hesitate to contact our Sales Team.”