Finally, we can read about how these great companies came about with Company Histories.. Dresdner Kleinwort Capital's growth plans include the [] He also served as corporate manager & board director at PTW Architects firm. He was Acting Global Head of Private Equity and Infrastructure Investments at Standard Bank Ltd of South Africa from 2005-6. Before FTI Consulting, Vikram founded a boutique advisory and investment firm to focus on investing personal and co-investor capital in early-stage and mid-market companies. Dresdner became involved in yet another deal later that year. Dresdner Kleinwort Capital 6 Deals, 6 Portfolio startups, Statistics Active, Closed, This describes the type of investor this organization is (e.g. Kerr's People: Simon Robertson, Former chairman, Dresdner Kleinwort Kleinwort Benson recognized early on that the future of merchant banking also lay over the seas. When Kleinwort and Robert Benson Lonsdale merged in 1961, The Economist described it as "a marriage of essentially complementary partners." Dresdner Kleinwort Wasserstein | LinkedIn Copyright (c) 2022 Company-Histories.com. We also work selectively with early stage companies to raise venture funding. Rehabilitation and Recovery After World War II. Robert Benson Lonsdale's strengths lay in corporate finance and underwriting, but it had done little business in more traditional areas of merchant banking. Allianz AG, a large German insurance group, made a $22 billion play for Dresdner, adding it to its arsenal in late 2001. Dresdner did benefit somewhat, however, from the government's plan to restructure the banks and keep credit rates down by buying up banks and giving them cash. Two years later, Kleinwort Benson entered a consortium with 17 other partners, including Barclays and the Bank of Scotland, to form Airlease International, a company specializing in aircraft leasing. Dresdner was at first restructured into ten separate institutions. According to the Wall Street Journal, analysts predicted that Allianz would sell off the investment bank as soon as market conditions improved and would require Dresdner to refocus on commercial banking and pension and fund products. Neil Winward - Managing Director, ORIX Spec.. - ORIX USA | ZoomInfo Dresdner set out to bolster its international presence by concentrating on developing a global asset-management network. The Rt. He is a co-founding director of ROPER Technologies Inc. (NYSE); and was a director of IDOX PLC (AIM) until 2013 and non-executive Chairman of Maxcess International Corporation until 2014. Isaac has held several positions in various companies, most recently as the Chief Strategy Officer of L&T Technology Services. Firms with international interests as extensive as Dresdner's experienced crushing setbacks as they lost vast international securities and capital holdings. Anne has worked in private equity since 2004 most recently as CFO at Cap10 Partners. In 1995, Dresdner spent about $1.58 billion to acquire the British investment bank Kleinwort Benson Group PLC. Before focusing on India, Hugh was managing director and head of the telecommunications practice at Dresdner Kleinwort, where he had earlier specialized in merger and acquisition and financing transactions for energy and utility companies, with a focus on the UK, Germany and Russia. He joined Dresdner Kleinwort after working in the mergers and acquisition group at Merrill Lynch in New York and Tokyo. However, S.A. Warburg, another London banking house of long standing, sided with Reynolds, producing a bitter and divisive rupture in London's merchant-banking fraternity. This hurt Dresdner even more than had the lack of expansion during the war years. Dresdner Kleinwort Investment Banking Follow About us Created in 2000 through the merger of Dresdner Kleinwort and Wasserstein Perella. He is a director of Asset Metrix GmbH and insticube GmbH, both B2B software companies in Munich. Dresdner Kleinwort Capital. The alliance involved a 7 percent share swap between Dresdner and BNP, which acted as a foundation for a global cooperation pact. When Carl Freiherr von Kaskel, Felix Freiherr, and Eugene Gutman opened the doors of Dresden Bankhaus for business in Dresden on December 1, 1872, the time was ripe for new banks in Germany. Andreas T. Angelopoulos - Chairman Private Markets - LinkedIn The opportunity for economic growth was enormous, and the management team of Dresdner Bank seized it with a vengeance. Our bankers pride themselves on working closely with our clients to provide tailored advice for specific situations. Address: Jurgen-Ponto-Platz 1 60301 Frankfurt Germany Telephone: 49-692-630 Fax: 49-692-63-4831 http://www.dresdner-bank.com Statistics: Public Company Incorporated: 1872 as Dresden Bankhaus Employees: 48,455 Total Assets: $448.81 billion (2002) Stock Exchanges: German Ticker Symbol: DRB Dresdner's relationship with the Nazi government led to dire consequences after the conclusion of World War II. In 1929, the economy's volume of business was 50 percent greater than it was before the war. When the restrictions limiting the three major branches of Dresdner from operating outside of their zones of occupation were lifted in 1963, the domestic business needed to finance foreign expansion was finally available, and the bank started to become the international giant that it is today. About us Since its foundation in 1993, South Andes Capital provides mergers and acquisitions and corporate finance services to local and foreign clients. The merger fell through, however, after it became apparent that DKB would be carved up as a result of the deal. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Nonetheless, the firm suffered no permanent damage from the war, and even had slightly more capital in 1918 than it did in 1913. Judy has more than 20 years of global investment experiences in venture capital and private equity investments ranging from primary fund commitments, direct investments to M&A activities that span across US, Europe, and Asia, particularly in China. He has over 35 years of private equity, corporate finance, and industry experience. Its size increased in 1939, when Lnderbank, the second largest bank in Austria, merged with Dresdner after the Anschluss in Austria. Privacy Policy, Astbury, Kate, "Allianz Still Half in Love,", "Finance and Economics: Death of a Deal,", "For Better, For Worse; Allianz and Dresdner Bank,", Hobday, Nicola, "Whither Dresdner Kleinwort Wasserstein,", Jenkins, Patrick, "DrKW Aims to Recapture Past Glory,", Kerr, Ian, "Can Kleinwort Elude the Vultures,", Merrell, Caroline, "Allianz Signals Disposal of DKW,", Stevenson, Richard W., "Dresdner Will Pay $1.6 Billion for Kleinwort Benson,", "Wasserstein's Acquisition Completed by Dresdner,". Nevertheless, Kleinwort survived the Depression, while other merchant banks either folded or needed a handout from the Bank of England. In 1958, Robert Benson Lonsdale became embroiled in what became known as Britain's Great Aluminum War. [30] Jens-Peter Neumann, former head of Capital Markets sued in Germany in April 2009 for 1.5million in severance pay. The company operated as Dresdner Kleinwort Benson (DKB) after the 1995 acquisition. Since one of the primary reasons for a universal bank is to back developing industry, Dresdner, as a major shareholder in many German firms, felt the pinch of the Treaty of Versailles as sharply as the rest of Germany did. Managing Director at Millburn Capital Group and Amper Investment Banking. Mr. Wright has advised and/or sat on the boards of other institutions, including Hansa Capital LBG, CdB Webtech SgR,), Artio Global Investors Inc, Surya Capital LLP, GP Investimentos SA, and IDeA Alternative Investments SpA. Prior to this, he worked in the investment banking and corporate finance division of Credit Suisse, based in Mumbai, Singapore and Hong Kong, and the investment banking arm of Barclays Bank (then known as BZW), based in New Delhi. He is also a non-executive Director of Baroda Pioneer Asset Management and Chairman of F1F9 (India). Contact: Beverley Hunt, Partner Email this Investor. Descriptive keyword for an Organization (e.g. eTel raised $50m and the investment, made for 45pc of the company equity, was led by Dresdner Kleinwort Benson Private equity, Argus Capital partners, Greenhill Capital partners and Intel Capital. [10], The firm decided to enter the securities market buying Charlesworth and Co., a stock jobber, in October 1984[11] and Grieveson Grant, a leading stockbroker, in April 1986. [2] For example it became part of a syndicate that marketed shares in the Illinois Central Railroad in 1852. Kleinwort Benson had made the acquisition in order to acquaint itself with price trends and auction techniques in the American treasuries market. Both houses were British merchant banks of long standing. Valuation: Valuations constitute a significant part of any transaction process, be it in the nature of an acquisition, divestiture, joint venture, merger, de-merger or the setting up of a new operation. By the end of the century, the Bensons had scored a major prestige coup by providing capital for the railroad construction boom in the American West. Yet Dresdner Bank was, like Germany itself, impossible to keep down. In 1968 Dresdner established German-American Securities--now called ABD Securities Corporation--in New York. Reynolds finally won, acquiring 80 percent of British Aluminum stock by early 1959. As Dresdner had always been a huge success in international business and its partner had long shown a genius for domestic banking, the alliance was a natural one, and the standings of both firms increased greatly as they shared profits and policies. Each of the three derivative banks prospered so much as a part of the "economic miracle" of the 1950s that Dresdner was allowed to recombine itself again in 1957 as Dresdner Bank A.G., with its new headquarters in Frankfurt am Main. In the early years of the 20th century Dresdner's continuous expansion made it a true giant of German industry. [2] Over the course of the 19th century, the Benson family, under the control of Robin Benson, grew its wealth through railway finance in Britain, Europe and America. The union created the world's fourth-largest financial group, leaving Dresdner in an enviable position. However, KBGS seldom participated in auctions, nor was its familiarity with the demand for treasury securities as strong as had been hoped. Dresdner was not exempt. 4/30/2023 2:00 AM. This stifled the basic expansionist impulse of the bank and cut off investment revenue. Company profile page for Dresdner Kleinwort Capital Inc including stock price, company news, press releases, executives, board members, and contact information At the same time, Kleinwort Benson expected to expand under the leadership of a strong bank, giving it solid footing for a secure future. The Ikarus Capital team has collectively more than 25 years of experience in financial advisory services in the renewables, clean tech, and utilities sector. This, together with issues regarding severance payments and guaranteed bonus payments, led to a number of lawsuits. The Vienna branch of a Czech bank, Zivnostenska, was also annexed. Steve was the vice president of CCDI group, general manager at both of its Sports and Overseas division. He joined Kleinwort Benson Limited in London in 1978 and in 1981 co-founded Kleinworts first office in California. Previously at Dresdner Kleinwort Wasserstein as head of the NY Leveraged Finance Group and founded the Real Estate and Public Finance Groups. Ikarus Capital | Team Dresdner Kleinwort Benson In September 2004, Coller Capital's fund acquired a $90 million portfolio of companies from Dresdner Kleinwort Benson. Dresdner Kleinwort Wasserstein (DrKW) operates as the investment banking arm of Germany's Dresdner Bank AG. In the year after the crash, Dresdner was able to buy another of the major Berlin banks, Darmstadter, making Dresdner for a time the largest bank in Germany. With this purchase, Dresdner signaled a significant strategic switch. The company offers its corporate, government, and institutional clients a variety of capital markets products and services, including short-term products and treasury, equity products, rates, credit products, foreign exchange debt origination, sales and marketing, research, risk management, and tax services. The Wasserstein name was dropped in July. Also, Dresdner and the other big banks carried too much foreign credit. Dresdner Bank, which had profited by financing the government's astronomical wartime expenses, found that the German economy's unpreparedness for war, coupled with the Allied blockade and the industrial might of the United States, crippled non-military industries. Head of Renewable Energy, Head of Utilities Debt Origination, and Senior Project and Acquisition Finance Director at Dresdner Kleinwort. The assassination cut short the life of the man who had headed Dresdner since 1969 and had been instrumental in turning the firm into an international business powerhouse. Christopher Wright is Chairman and a co-founder of EMAlternatives LLC in Washington DC and of its former affiliate in China, Yimei Capital Ltd, and is also a director of Merifin Capital Group, a private European investment firm. It also disclosed in its 1987 annual report that its treasury division chalked up "record operating income" due to volatility in the dollar and interest rates. This eye for expansion would continue to make Dresdner grow until its foreign interests were lost after World War I. Dresdner's huge credit reserve, like that of the other large German banks, also helped Germany transform itself from a capital importing to a capital exporting economy during the 1880s. B-22, Jungpura Extension, New Delhi - 110014, India, 28 Devonport, 23 Southwick Street, London, England, W2 2QF. As one of the privileges of leadership, Hermann Goering was allowed to have a company of his own, Goering Werke, an iron ore processing works whose products were in heavy demand during the Nazi war buildup.
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