He moved into the financial industry to apply similar models by joining Societe Generale in Paris and then BNP Paris in Paris, New-York and Philadelphia where he became global head of proprietary trading for Equity, equity derivatives and commodities.
In 2012, he founded IRIS as an investment firm focusing on quantitative arbitrage opportunities in several asset classes, active in the USA, Europe and Asia.
In 2018, he created a new investment strategy based on equity financing which was named IRIS Capital Investment, with a special focus on providing new equity to growth and turnaround companies worldwide.
Made-to measure approach
We believe in developing specific analysis tools that enable us to have an edge in understanding the business and credit profile of our issuers. We analyse multiple factors with discipline and focus and employ a wide range of approaches. We strive to gain an in-depth understanding of the business and the capital needs of our corporate partners. 2.Trading technologies
Over the last 10 years, we have developed market leading trading tools and algorithms to ensure that we capture the best of equity capital markets while minimising market impact. We have developed a global trading platform that can access all main stock exchanges in Europe, North America and Asia. Our trading platform is based on decades of arbitrage and trading experience all over the globe and ensures world-class market execution. 3. Tailor-made and flexible solutions
Each financing solution we provide is unique and based on in-depth dialogue with management and shareholders. We strive to deliver optimal and made-to-measure structures that meets issuers’ needs over the long term. Flexibility is a key component to our approach. We provide simple and straightforward structures that our corporate partners can easily understand and deploy. We are often one among several sources of funding and make sure we are fully compatible with the others.
Independence and long-term thinking
We drive our mission through a culture of excellence: constantly improving, continuously learning, rewarding results, and winning with integrity. Listening to the companies, their managers and shareholders, is an instrumental par of our culture. We invest only in what we understand and trust.
We’re ready to share our advice and experience.
Facts and Figures
Geographies: Europe, North America and Asia
Underwritten Equity-linked and Equity financing
IRIS Capital Investment brings capital to publicly-listed companies in the form of Mandatory Convertible Bond and Equity financing, through innovative and tailor-made structures.
Typical Deal size ranges from EUR 5 to EUR 200 million in various currencies (EUR, USD, CHF, etc.). Commitment is made over a period of several years, typically 1 to 3 years and funds are usually drawn in regular tranches (monthly for example) over the period. Facilities are often renewable at the company’s option.
This ensures the company secures proceeds on a regular basis. Financings are made-to-measure with the managers and shareholders, based on funding requirements and investment plans.
We provide firm underwriting of funding over time, bringing full visibility to the management and shareholders.
The companies we invest in
Companies we invest in are mid-cap companies, mainly in Europe and North America, sometimes in Asia. They tend to be innovative and growth companies that need to fund their investment programmes, typically like Biotech and Technology companies.
Typical market capitalisation ranges from EUR 20 million to EUR 1 billion.
Our financings are also made available to traditional mid-cap companies as an alternative and extra source of capital, to fund an acquisition or a specific investment for example.
We also provide extra funding in turn-around or restructuring situations, where corporates have reached the limits of their traditional sources of financing.
TESTIMONIES AND EXTRACT FORM PRESS RELEASE QUOTES
Full flexibility and long-term commitment
In addition to our firm underwriting, we bring full flexibility to our corporate partners. Funding can be stopped and resumed by the issuer at any time until maturity, at no extra cost. Should market conditions permit, funding can also be accelerated.
We commit over several years, bringing full visibility to our corporate partners over their funding resources. We believe in constant dialogue between managers, shareholders and ourselves over the years. As needs evolve, we make our best effort to adapt the financing to new requirements.
Competitive terms and conditions
Our analytical and trading tools enable us to offer very competitive conditions, in balanced and durable transactions. We take risks: credit, volatility and liquidity risks that we analyse and price accurately.
By unlocking and capturing value from market we strive to offer the best terms to our issuers. We offer simple pricing without any up-front or fixed cost nor any additional dilution (no equity warrant)
We pride in being fully transparent in our pricings. There are no hidden costs or extra dilution. What you see is what you get.
Trading excellence and value extraction from equity capital markets
Over the last 10 years, we have developed an unparalleled proprietary trading platform with in-house trading tools and algorithms . We seek to unlock value from market liquidity and volatility through our trading expertise. We capture and exploit market opportunities as they arise to raise capital and optimise pricing for our corporate partners
In addition, our trading capabilities enable us to minimize market impact and preserve value for the shareholders and the managers. In addition, we allow for shareholders and new investors to participate in our financings to control dilution.
We believe this is a great strength that differentiates us from our competitors.
Underwritten equity on demand
Innovative, flexible and made-to-measure equity funding
Very competitive terms and conditions
Full flexibility and visibility
No hidden costs or dilution
Unparalleled trading platform with low market impact
Independent and long-term partner
Get in touch
We’re glad to discuss your organisation’s situation. So please contact us via the details below, or enter your request.
Our head office address:
92200 Neuilly sur Seine