Strategic focus

Fimalac, a holding company set up and led by Marc Ladreit de Lacharrière, currently operates in three business areas:

• Fitch Group, which is 50 % owned by Fimalac, S.A. and 50 % by Hearst Corporation, is a major financial services player with a strong presence in the ratings market (Fitch Ratings).
  With operations in over fifty countries, in fiscal 2010/2011 Fitch Group reported revenue of €545.0 million with an average of 2,337 employees.

• Fimalac is present in the real estate sector, mainly through North Colonnade Ltd, owner of an office building in the prestigious Canary Wharf district of London that is in the process of being fitted out. Part of the building will be let to Fitch Group, which has been transfered its London headquarters there at the end of 2010, and the remaining floors will be let to outside tenants. Once completed, this asset will generate recurring revenues for Fimalac over a long period.

• Fimalac is developing diversified investments, mainly through its Fimalac Développement subsidiary, acquiring stakes in competitive companies with strong growth potential. Fimalac invests in these companies alongside their managers and plays an active role in helping to run the business with the goal of to driving future growth.