Olivetree Financial Group Announces Strategic Invesment by Elcot Capital Management to Drive Growth
Elcot to acquire minority shareholding in Olivetree
LONDON, June 26, 2012 /PRNewswire/ --
Olivetree Financial Group Limited ("Olivetree"), an equity brokerage and technology firm, today announces that Elcot Capital Management Limited, ("Elcot Capital"), a privately owned investment management firm has made a strategic investment in the company to support the next phase of its growth. The transaction, which remains subject to FSA authorisation, involves The Elcot Fund Limited acquiring a minority stake in Olivetree for an undisclosed sum.
Olivetree will be a significant investment for Elcot Capital, which is headed by Mike Vogel, formerly CEO of Framlington and Prolific.
Elcot Capital has extensive experience of investing in the securities and asset management sectors and has been committed for some time to identifying the right opportunity to leverage the rapidly changing dynamics at play in this industry.
Elcot Capital's investment will enable Olivetree to further develop its unique offering, which combines portfolio construction advice, event and catalyst driven research / high touch execution with state of the art quantitative tools to help capture and maximise alpha.
Following the launch of Olivetree Securities in 2009, the company has rapidly grown into a leading international equities intermediary brokerage and now works with a focused list of institutional clients across Europe, the US and Asia.
The company has since evolved to meet client needs and in 2011, it formed Olivetree Solutions to provide independent quant analytics and consultancy services to select Olivetree Securities clients. Olivetree Solutions works directly with traders and portfolio managers to help manage trading risk, reduce transaction costs and enhance portfolio construction. Its flagship OTAS platform is a unique suite of content and tools that provides traders and portfolio managers with unparalleled insight into the risks and signals relevant to them.
In light of these developments, the company has established Olivetree Financial Group as its holding company, with Olivetree Solutions and Olivetree Securities as complementary subsidiaries.
Daryn Kutner, Chairman and CEO of Olivetree Financial Group said: "We are delighted by Elcot Capital's decision to invest in Olivetree. Over the last three years we have expanded our securities brokerage business to encompass a financial technology company and Elcot Capital's investment will support our future growth plans. We look forward to having an investor who shares our ambition and supports our vision."
Mike Vogel, Chairman and CEO, Elcot Capital said: "In Olivetree we have a compelling opportunity to invest in a firm that has developed a unique proposition combining cutting edge technology with quant expertise and deep analysis of special situations. We look forward to forming a long standing and successful partnership that enables Olivetree to maximise its potential."
About Olivetree Financial Group
Olivetree Financial Group is a global financial services firm headquartered in London. The company delivers a unique service to the market by combining fundamental and quantitative expertise in a consultative approach through its two subsidiaries, Olivetree Securities and Olivetree Solutions. Olivetree Securities is an independent agency broker with an exclusively institutional client base, focusing on European and US equities. Olivetree Securities does not undertake proprietary trading or provide corporate advisory services. Olivetree Solutions provides independent quant analytics and consultancy services. Olivetree Solutions works directly with traders and portfolio managers to help manage trading risk, reduce transaction costs and enhance portfolio construction.
Olivetree Financial Group Limited, Olivetree Securities Limited and Olivetree Solutions Limited are private limited liability companies registered in England and Wales. Olivetree Securities Limited is authorised and regulated by the UK's Financial Services Authority. Its FSA registration number is 494671. Tel: +44(0)203-201-1000.
About Elcot Capital Management
Elcot Capital Management is a privately owned investment management firm, founded in 2003 and based in London. The company has a long term, multi-strategy investment approach designed to take advantage of its permanent capital base. It has a significant exposure to the financial services industry, a field in which the principals of the company have on average over 30 years' experience.
Elcot Capital Management Limited is a private limited liability company registered in England and Wales and is authorised and regulated by the UK's Financial Services Authority. Its FSA registration number is 226249.
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