From: David Stern -
To: Jeffrey Epstein -cjeevacation@gmail.com>
Subject: Fwd: The financial times on the transaction
Date: Fri, 26 Jun 2015 10:11:39 +0000
That was the FT piece
From: Kenyon Lee [mailto•
To: Shirish Saraf
Cc: Akash Mehta; Simon Wong
Subject: Re: Fw: The Street article on the transaction
Coverage on FT online
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Hughes
Kleinwort Benson Bank secures
strategic investor
Kleinwort Benson has sold a "significant" equity stake in its London-based private banking and corporate
advisory subsidiary Kleinwort Benson Bank to Samena Capital, an investment group focused on principal
investments in Asia, the Middle East and North Africa.
The transaction is expected to close by the third quarter of 2015, subject to closing conditions, including
regulatory approval.
Following this, the shareholders also intend to establish a new global merchant banking operation in
Dubai to offer advisory services for corporate activity in the region.
Founded over 200 years ago and headquartered in London, Kleinwort Benson Bank is involved in
merchant banking, providing private wealth, banking, fiduciary and corporate advisory services.
Kleinwort Benson Bank ended 2014 with £3.4bn in assets under management and holds a full UK
banking licence.
Leonhard Fischer, chief executive of BHF Kleinwort Benson Group, said: 'Our firmly-held view is that
opportunity lies in the closer integration of established and developing markets and the ability to
introduce clients to high-calibre, differentiated investments that are not available from more commoditised
providers.
"We are bringing together the heft and reach of our diversified shareholder base, including China's Fosun
Group, with Samena Capital's unique group of business leaders and value creators from across the
Middle East and Asia."
Shirish Saraf, founder and vice chairman of Samena Capital, confirmed the intention to underpin the
"solid recent progress" made by Kleinwort Benson and build out a global operation with a strong focus on
the emerging markets.
EFTA00853407
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