Chatham Financial acquires London-based JCRA Group
- November 13, 2019
Chatham Financial announced today that it has acquired the JCRA Group, significantly expanding the firm’s presence in Europe to create a global powerhouse in financial risk management solutions.
Chatham and JCRA specialize in providing debt and derivatives solutions to commercial real estate, private equity, infrastructure, financial institutions, and corporate clients. Chatham and JCRA collectively serve over 3,000 clients and advise on more than 20,000 transactions with a notional amount in excess $700 billion each year. The merged firm will lead the industry in capital markets expertise, transaction volume, and technology—providing clients access to the data, tools, and advice they need to manage financial risk.
“Clients of both firms will benefit from our enhanced ability to manage their exposure to capital market risks and innovate alongside them,” said Brian Conly, Managing Partner, Global Head of Private Equity & Infrastructure, and Co-Head of Europe. “Chatham’s expanded European team will continue to deliver best-in-class trade execution while helping clients navigate rapidly evolving markets, from LIBOR replacement to Brexit.”
With decades of experience helping clients manage capital market risk, the caliber of the Chatham and the JCRA teams and their deep expertise will create an unparalleled advisory practice. With almost 700 employees, the combined firm will continue to focus on providing interest rate, foreign currency, inflation, and commodity hedging services, hedge accounting, valuation, and debt management solutions—all backed by Chatham’s proprietary technology platform.
“One of Chatham’s purposes is to help make markets transparent, accessible, and fair for all market participants. We’re excited about how, together with JCRA, we can have an even greater impact,” said Clark Maxwell, Chief Executive Officer of Chatham Financial. “For almost 30 years, we have gained vast experience from the volume and variety of projects and transactions we’ve managed. Our increased breadth of expertise will further strengthen our ability to tackle any challenge our clients need to solve.”
JCRA’s Chief Executive Officer, Jackie Bowie, will join Chatham as Co-Head of Europe. “We’re enthusiastic about the future,” said Bowie. “The combined team’s knowledge of the European markets, now supported by Chatham’s leading technology platform, will raise the bar for what clients expect when transacting in the debt and derivative markets.”
This transaction represents a successful exit for JCRA’s external investor, Connection Capital. The integrated firm will continue to be independent and 100% employee owned, serving clients from offices in London, Singapore, Melbourne, Toronto, Denver, Krakow, and Kennett Square, Pennsylvania.
About Chatham Financial
Chatham Financial is the largest independent financial risk management advisory and technology firm. A leader in debt and derivative solutions, Chatham provides clients with access to in-depth knowledge, innovative tools, and an incomparable team of over 600 employees to help mitigate risks associated with interest rate, foreign currency, and commodity exposures. Founded in 1991, Chatham serves more than 3,000 companies across a wide range of industries — handling over $700 billion in transaction volume annually and helping businesses maximize their value in the capital markets, every day. To learn more, visit chathamfinancial.com.
JCRA is an independent financial risk advisor specialising in hedging and debt advice. With 30 years’ experience in structuring and advocating for competitive pricing in derivative products, JCRA designs financial hedging solutions and provides debt advice globally to clients in real estate, project finance, infrastructure, private equity and social housing, as well as corporates. JCRA was named Risk Management Advisory Firm of the Year at the GlobalCapital Global Derivatives Awards 2019. jcragroup.com.
Learn more about the Chatham and JCRA integration.
Talk with a Chatham advisor about how this deal can serve your financial risk needs.
This material has been created by Chatham Financial Europe, Ltd. and is intended for a non-U.S. audience. Chatham Financial Europe, Ltd. is authorised and regulated by the Financial Conduct Authority of the United Kingdom with reference number 197251.
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Interest rate swaption
An interest rate swaption is an option that provides the borrower with the right but not the obligation to enter into an interest rate swap on an agreed date(s) in the future on terms protected by the swaption.
A cancellable swap is a combination of an interest rate swap and a receiver’s swaption that may be cancelled by the borrower at no cost on an agreed future date.
Interest rate collar
An interest rate collar is an option used to hedge exposure to interest rate moves. It protects a borrower against rising rates and establishes a floor on declining rates through the purchase of an interest rate cap and the simultaneous sale of an interest rate floor.
An FX forward is a contractual agreement between the client and the bank, or a non-bank provider, to exchange a pair of currencies at a set rate on a future date.