The profile of the contractor and his report to the risk are key

It back over a century back to understand the philosophy of the Quilvest private bank. In 1888, Otto Peter Bemberg, a native of Cologne, founded the brewery Argentina company. It is introduced at the Paris stock market under the name of Brewery Argentina Quilmes, on the eve of the first world war. Four years later, o. Bemberg & co. Bank sees the day. Ancestor of the Quilvest private bank, it is to manage the assets of the family. In 1932, the institution moved to 243, boulevard Saint-Germain, in Paris, address he still holds.

The Bank private Quilvest proudly claims its past and seeks to cultivate the soul. The Family Office, designed originally for the shareholders, is today open to the customers of the Bank. Guillaume Dozinel, who leads this entity, points out moreover that the customer is not constituted exclusively of people very wealthy whose accounts amounted to several million euros but includes also their relatives, parents, children and friends. It is in this context that the Director of the Family Office, notary training, approach them issues relating to the Organization and the transmission of professional heritage.

"Thinking about the terms of transfer of a company must integrate all of the persons concerned, i.e. the contractor, various experts and even, in some cases, his family.". The client sometimes asks to meet, to reassure the explaining the way in which the heritage will be organized. Dialogue and education are particularly necessary in the case of the "LBO" "leveraged buy out", i.e. resumed business with leverage. Indeed, in view of these operations leverage, the amount of the participation of the contractor can be very widely multiplier, and this in a relatively short horizon.

"This mode of assignment of companies is more and more frequent and our customers need to be accompanied in the negotiation of the so-called"package manager", in other words the contract which stipulates their rights to the investment fund to which they are associated." The idea is to benefit, in the best possible conditions, of the added value that will be released in the resale of the society. The key to the success of the operation lies in the establishment of a multidisciplinary team (banker private, expert in investment, notary, accountant, etc.), which all experts work together, in the service of the project by the contractor.

"Moreover, the surrender on legal and tax structuring is an important issue." The average time between the beginning of the reflection and the operation of assignment is eighteen months. It then addresses the problem of the transformation of the professional income in personal income, including integrating the issue of the transmission to the wife and children. The profile of the contractor and his report to the risk are key. Some leaders hear thus limit their risk, and settle in a logic of bon père de famille. Others maintain a spirit of entrepreneur and rely on us to refer them to new operations. This is the typical case of the leader, out of his company by LBO, occurs with large sums of money. It will be to allocate a portion of its capital to finance a new project with the objective term to pass a working tool to its children.