News Column

Caritas Partners Introduces First-Ever “Buyback to Give Back” Share Repurchase Program

February 26, 2014

New Goodwill Division of du Pasquier & Company Focused on Fiscal and Social Value


NEW YORK--(BUSINESS WIRE)-- International broker/dealer du Pasquier & Company, Inc. today announced the launch of Caritas Partners, its new goodwill division created to benefit both shareholders and society. Through its one-of-a-kind “Buyback to Give Back” program, Caritas provides a new option for companies considering share repurchases, allowing them to be fiscally and socially responsible in the same transaction.

Led by a team of Wall Street veterans, Caritas works with corporations to put their commissions to better use. Companies who partner with Caritas to execute their share repurchase through du Pasquier & Co. can choose to donate a minimum of 15 percent – up to 50 percent – of commissions to a charity or foundation of the company’s choice. In addition, the first time a company works with Caritas on buyback execution, Caritas will contribute 100 percent of commissions generated during the first day of trading to the client’s preferred charity.

“An increasing number of publicly-traded companies are leveraging buybacks as part of their overall financial strategies. Yet to date there has not been a way for share repurchases to give back to society,” said Richard C. Naso, founder and chief executive officer of Caritas Partners. “We created Caritas Partners to help corporations complement the financial motivation for repurchasing shares with a socially responsible choice when it comes to execution – one that has not existed before.”

“2013 was the second largest year on record for buyback authorizations at $755 billion, 58 percent ahead of 2012*,” said Christopher Moran, vice president, du Pasquier & Co. “The pioneering share repurchase program that Caritas is spearheading with du Pasquier elevates the buyback from being purely transactional, allowing the company to support causes that its shareholders and customers believe in.”

Together, Caritas Partners’ executives have decades of stock market experience. By combining a high-touch approach with deep technical knowledge, Caritas is dedicated to the responsible use of latency trading and to maximizing benefits for its clients.

*Birinyi Associates

About Caritas Partners

Caritas Partners is the first company of its kind – a Wall Street firm focused on both shareholder value and social value. Operating as the goodwill division of global broker/dealer du Pasquier & Company and led by a seasoned executive trading team, Caritas uses traditional share repurchases as instruments of social change, by donating a portion of the commission to a charity of the client’s choosing. Its distinctive “Buyback to Give Back” program is a new way to be fiscally and socially responsible in the same transaction, maximizing value for the company and the community. Bottom line, Caritas Partners champion capitalism on a mission. For more information on Caritas Partners and its innovative “Buyback to Give Back” program, please visit www.caritaspartnersllc.com.

About du Pasquier & Co., Inc.

Founded in 1937, du Pasquier & Company has more than 40 employees located in New York and Paris. As a multi-disciplined, cross border financial services boutique, du Pasquier offers a variety of services to professional and high-net-worth clients including: Asset Management; Brokerage and Risk Management; Investment Banking and Capital Placement; and Institutional Private Equity Placement. du Pasquier Asset Management is a SEC-registered investment advisor.




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Source: Caritas Partners


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