FIMALAC (known as Financière Marc de Lacharrière) is a French holding company focusing on

credit rating A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaultin ...

and risk management companies.BusinessWeek profile
/ref>Bloomberg profile
/ref>Les Echos profile
/ref> It manages commercial real estate through North Colonnade Ltd, and private equity funds through its subsidiary Fimalac Développement.

History

FIMALAC was created by Marc Ladreit de Lacharrière in 1991.Lacharrière : «Finance et culture sont complémentaires», in ''

L'Express ''L'Express'' () is a French weekly news magazine headquartered in Paris. The weekly stands at the political centre in the French media landscape, and has a lifestyle supplement, ''L'Express Styles'', and a job supplement, ''Réussir''. History ...

'', 05/10/200

/ref> He serves as the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

, and holds 100% of the shares of the FIMALAC Group, that holds ~80% of FIMALAC.Organizational chart of the Fimalac Group
/ref> It is headquartered in Paris. It operates in the United States, Canada, the United Kingdom, France and other members of the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been ...

, Asia, and South America. In 2005, FIMALAC acquired

Algorithmics Inc. Algorithmics was a Toronto, Ontario based company founded by Ron Dembo that provided risk management software to financial institutions. Founded in 1989, Algorithmics employed over 850 people in 23 global offices, and served more than 350 clients, ...

, which it sold to IBM in October 2011. That year, it acquired 40% of Groupe Lucien Barrière. In 2018, FIMALAC sold its last 20% of

Fitch Ratings Fitch Ratings Inc. is an American credit rating agency and is one of the " Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations ( NRS ...

Hearst Communications Hearst Communications, Inc., often referred to simply as Hearst, is an American multinational mass media and business information conglomerate based in Hearst Tower in Midtown Manhattan, New York City. Hearst owns newspapers, magazines, televi ...

Divisions

FIMALAC operates in the real estate sector, mainly through North Colonnade Ltd. North Colonnade owns a major office building project in the prestigious

Canary Wharf Canary Wharf is an area of London, England, located near the Isle of Dogs in the London Borough of Tower Hamlets. Canary Wharf is defined by the Greater London Authority as being part of London's central business district, alongside Central ...

district of

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

set to open in 2018. Part of the building will be occupied by Fitch Group. This 320,000 sq ft property is expected to generate recurring revenues for Fimalac over a long period. The company has a diversified investment portfolio through its Fimalac Développement subsidiary. The

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

fund acquires stakes in competitive companies with growth potential. Fimalac owns stakes in companies such as Stadôme, Auguri Productions, and a 34% interest in Groupe Lucien Barrière from

Accor Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. It is the largest hospitality company in Europe, and the sixth largest hospitality company worldwide. Accor op ...

Webedia Group ( fr), founded in France in 2007, is a subsidiary of FIMALAC since 2013. It specializes in online publishing and now operates in multiple countries. Webedia properties include: PureMédias, Overblog, IGN France, Terrafemina, AlloCiné,

Jeuxvideo.com ''Jeuxvideo.com'' (from ''jeux vidéo''; ; ) is a French video gaming website founded in 1997. History The website traces its history to a video game hint collection on Minitel, a precursor to the World Wide Web, and was founded by Sébastien ...

in France; GamePro Germany ( de), IGN Deutschland,

GameStar ''GameStar'' is a monthly-released PC gaming magazine in Germany. It is the best-selling German-language magazine focused on PC gaming and it also hosts the largest video gaming-related portal in the German-speaking internet. Content The pri ...

, Moviepilot.de in Germany; GetHero, Gry-Online.pl and Gamepressure.com in Poland; IGN España, 3DJuegos, Vizz Agency in Spain; ''

Boxoffice Pro ''Boxoffice Pro'' is a film industry magazine dedicated to the movie theatre business published by BoxOffice Media LP. History It started in 1920 as ''The Reel Journal'', taking the name ''Boxoffice'' in 1931 and still publishes today, wit ...

'' in the United States; and other local versions of Vizz Agency, IGN, 3DJuegos, Allociné, etc. in Brazil, Latin America, Turkey, Saudi Arabia.

References

External links

Official website
{{Authority control Holding companies of France Financial services companies established in 1991 Companies based in Paris French companies established in 1991