The Rothschild family plans to take their investment bank Rothschild \u0026 Co private, which will allow one of the most famous names in the global financial sector to be valued at 3.7 billion euros, writes Financial Times.

Rothschild \u0026 Co has three divisions: Global Advisory, Wealth and Asset Management, and Merchant Bank.. None of these businesses need access to capital from public equity markets, Concordia said, and given their long-term nature, it would make more sense for the group to be private..

The statement reads: "

The move comes amid a global slowdown in transactions driven by rising interest rates and economic uncertainty that brought a period of frenzied activity to an abrupt end during the peak of the pandemic..

Decrease in takeovers (by each other's companies) has hampered advisors who depend on such activities for lucrative fees, including investment banks such as Goldman Sachs, which have cut thousands of jobs and bonuses as a result of plummeting revenues.

The intention of the Rothschild family to take their company private is contrary to the trends of the last two decades, when a wave of small consulting companies such as Evercore and Lazard sought to open exchanges in the United States..

The origin of the Rothschild family goes back over 200 years, but the roots of the current structure of Rothschild \u0026 Co date back to 2012, the time of the merger of the then separate French bank and the British commercial bank NM Rothschild \u0026 Sons.. The agreement, orchestrated by then head David de Rothschild, consolidated its corporate structure under a French parent group and ended decades of rivalry..

The Rothschild family is a wealthy Ashkenazi Jewish family originating from Frankfurt, who became famous thanks to Mayer Amschel Rothschild, who founded his banking business in the 1760s.. Unlike most previous court bankers, Rothschild was able to bequeath his wealth and establish an international banking family through his five sons who established businesses in London, Paris, Frankfurt, Vienna and Naples..

There was a change in the group four years ago when de Rothschild retired and handed over the helm to his son Alexander, who is now the seventh generation of the bank-leading family.. Under the leadership of the younger de Rothschild, the company tried to diversify its core consulting business in France and Britain, expanding into the US, where it has historically struggled.. Also in private equity.

Concordia plans to offer €48 per share, a 19% premium on Friday's closing price. This allows us to estimate the group at 3.7 billion. Euro. We are talking about a dividend of 1.4 euros per share and an exceptional distribution of 8 euros per share.

The company's shares jumped 16% to 46.85 euros in early trading in Paris on Monday..

Rothschild \u0026 Co has worked on some of the biggest deals in Europe over the past year, including the initial public offering of Volkswagen Porsche, the $9 billion acquisition of Covea Partner Re, the nationalization of German energy group Uniper, and the merger of satellite operators Eutelsat and OneWeb.

In the third quarter of 2022, the company's revenue amounted to 864 million euros, which is 30 percent more than last year. Global consulting revenue, the largest element of their business, grew 18 percent year-on-year to €547 million in the same period. The group warned that 2023 is likely to be more challenging given the macroeconomic and geopolitical environment..