Mateusz Pudlo

Dr. Kalliwoda Research GmbH is an independent investment research firm headquartered in Frankfurt, Germany. It was founded by Norbert Kalliwoda in 2003. The firm provides equity and bond research in mid- and small-caps of following sectors: IT & Software, Media, Engineering & Special Engineering/Laser/Photonics, Biotech & Pharmaceuticals, Chemicals, Renewables, Utilities, Oil/Gas Producers, Logistics and Financial Services.

First Berlin Equity Research GmbH (First Berlin) is an independent investment research firm headquartered in Berlin, Germany. The firm was founded by Martin Bailey in 1998. First Berlin provides independent equity research and market intelligence to banks, asset managers and other institutional investors on small and micro-cap companies in a variety of sectors. The equity research team analyses economic, market, industry and company data to optimize the performance of their clients’ investment portfolios and to help companies set their strategic direction. Their analysts offer stock recommendations and insights into industry trends and precise valuation perspectives through in-depth reports.

Alphavalue SA is an independent investment research firm headquartered in Paris, France. The firm was co-founded by Pierre-Yves Gauthier in 2007. The firm provides independent European equity and credit research, offers agnostic analysis of business models and valuations, and helping clients assess their investment risks and opportunities. They combine sustainability opinions with their fundamental financial analysis to produce integrated target prices.