MPC Capital

DB: MPC

€60.6m market cap

€1.81 last close

MPC is an independent asset and investment manager for real assets in the shipping, real estate, and infrastructure sectors. It initiates, structures, finances and manages real assets, targeted at institutional investors. It is a subsidiary of the MPC Group (c 50% shareholding), founded in 1994 and listed in 2000. AUM at 31 December 2016 was €5.1bn.

Investment summary

MPC Capital has been consistently transitioning its assets under management (currently at €4.2bn) away from retail legacy assets to new, higher-margin institutional business, which represented 61% of NAV at end-June 2019 (vs 52% at end-June 2018). This translated into a 6% y-o-y increase in management fees, which has offset the impact of muted transaction activity in H119. Moreover, MPC was able to realize profits from disposals (which represent the majority of investment income in H119) and completed new meaningful co-investments in H119.

Share price graph
Price performance
%
1m
3m
12m
Actual (2.7) (5.5) (61.2)
Relative* (8.5) (6.6) (62.0)
52-week high/low €4.7/€1.7
*% relative to local index
Key management
Roman Rocke Member of the Board
Stefan Zenker Head of IR/PR