FIMALAC

FIMALAC (known as Financière Marc de Lacharrière) is a French holding company focusing on credit rating and risk management companies.[1][2][3] It operates in three business areas, credit ratings, commercial real estate through North Colonnade Ltd, and private equity fund through its subsidiary Fimalac Développement.

Fimalac
Société Anonyme
Traded asEuronext: FIM
IndustryFinancial services, Investment management
Founded1991 (1991)
FounderMarc Ladreit de Lacharrière 
HeadquartersParis, France
Key people
Marc Ladreit de Lacharrière (Founder and CEO)
ProductsCredit ratings,
Commercial real estate,
Private equity fund
SubsidiariesNorth Colonnade Ltd,
Fimalac Développement
Websitewww.fimalac.com

History

FIMALAC was created by Marc Ladreit de Lacharrière in 1991.[4] He serves as the CEO,[3] and holds 100% of the shares of the FIMALAC Group, that holds ~80% of FIMALAC.[5] It is headquartered in Paris.[1][2][3] It operates in the United States, Canada, the United Kingdom, France and other members of the European Union, Asia, and South America.[1]

In 2005, FIMALAC acquired Algorithmics Inc.,[6] which it sold to IBM in October 2011.

In 2011, it acquired 40% of Groupe Lucien Barrière.[6]

In 2018 FIMALAC, Which held 20% of Fitch sold off its remaining share to Hearst.[7]

Divisions
  • Fimalac also operates in the real estate sector, mainly through North Colonnade Ltd. North Colonnade owns a major office building project in the prestigious Canary Wharf district of London set to open in 2018. Part of the building will be occupied by Fitch Group. This 320,000 sq ft property is expected to generate recurring revenues for Fimalac over a long period.
  • Fimalac also owns diversified investment portfolio through its Fimalac Développement subsidiary. The private equity fund acquires stakes in competitive companies with growth potential. Fimalac owns stakes in companies such as Stadôme, Auguri Productions, and a 34% interest in Groupe Lucien Barrière from Accor.[8]
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References
  1. BusinessWeek profile
  2. Bloomberg profile
  3. Les Echos profile
  4. Lacharrière : «Finance et culture sont complémentaires», in L'Express, 05/10/2007
  5. Organizational chart of the Fimalac Group
  6. Official website recent news
  7. "Hearst Diversifies Revenue With Fitch Group Acquisition". www.mediapost.com. Retrieved 2019-03-13.
  8. FIMALAC Investor Relations
  9. "Webedia: la logique industrielle du leader français du divertissement sur internet". Challenges (in French). Retrieved 9 October 2019.
  10. "Webedia flambe à tout va, Fimalac remet 300 millions au pot". www.journaldunet.com (in French). Retrieved 9 October 2019.
  11. "Nouveau départ pour Webedia". L'ADN (in French). 29 April 2015. Retrieved 9 October 2019.
  12. "Webedia (AlloCiné) multiplie les acquisitions". La Tribune (in French). Retrieved 9 October 2019.
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