European Equity Research Partners

What European Equity Research Partners does

European Equity Research Partners, S.L. (EERP) is a Spanish private limited company, incorporated on 10 June 2026 in Valencia and launched on 18 June 2026, that produces and distributes institutional-grade equity research under the EU Listing Act framework (Directive (EU) 2024/2811 and the EU Code of Conduct adopted by the European Commission in May 2026). Its core offering is issuer-sponsored research — initiation reports with formal BUY/HOLD/SELL ratings and 12-month price targets, quarterly updates, flash notes on material events, and downloadable three-statement DCF models in standardised Excel format — funded by listed companies that have lost sell-side coverage since MiFID II unbundling. The technology is a research production platform with reports formatted for direct ingestion by institutional data platforms, a 9-section report template, and an open-distribution publishing model with no paywall or login.

EERP monetises through two streams: (1) fixed-fee issuer-sponsored research mandates under multi-year contracts (minimum two-year initial term, at least one-year renewals, at least 50% paid upfront at engagement start and on each anniversary), with the fee explicitly independent of analytical conclusions; and (2) strategic, financial and communication consultancy under CNAE 70.20, disclosed separately when above 5% of consolidated gross revenue. The firm sells directly to listed issuers and to stock exchanges (Allied Exchanges partnership) via white-label arrangements, and reaches institutional investors passively through open publication on its website and via distributing investment firms.

The customer base spans European, Middle Eastern, and Central Asian listed companies — from small and mid-caps to national champions — with explicit geographic carve-outs from the United States, United Kingdom, Hong Kong, and Australia. Reported operations cover Spain, Austria, Belgium, Switzerland, Germany, France, the UK, Kazakhstan, Oman, Saudi Arabia, and the UAE. The company is led by Chairman Chingiz Kanapyanov (Чингиз Канапьянов), co-founders Ramón and Carlos Pedrosa based in Valencia, and representative Jason Paltrowitz, with research production outsourced to contracted External Analysts under an External Compliance Adviser-supervised governance framework.

Name

European Equity Research Partners

Legal name

European Equity Research Partners, S.L.

Website

https://europeanequityresearch.com

Company type

Private

Founded year

2026

Operating status

Operating

Short description

European Equity Research Partners is a Spain-based equity research firm that produces institutional-grade, issuer-sponsored research under the EU Listing Act framework, serving listed companies, stock exchanges, and institutional investors across Europe, the Middle East, and Central Asia.

Ownership category

akta.pro rank

Product category

Equity Research Services

NAICS

Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (523150)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Research (FSACAGAA)

akta.pro secondary industries

Sector-Specific Industry Research (FSACAGAL), Research Compliance & Governance (FSACAGAK), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

Keywords

• Issuer-sponsored equity research
• Institutional research coverage
• Financial research services
• Equity research reports
• EU Listing Act research

Headquarters

HQ city

Llíria (Valencia)

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Issuer-sponsored research fees: EERP is paid by listed companies (issuers) to produce and publish equity research on them. The fee is fixed and unrelated to the analytical conclusions, rating, or target price. Contracts require a minimum two-year initial term, at least 50% paid upfront, and renewals of at least one year. This is the primary revenue stream under the EU regulated issuer-sponsored research framework.
2. Strategic and financial consultancy (CNAE 70.20): EERP also carries out strategic, financial and communication consultancy activities for listed companies and IPOs under CNAE code 70.20, with express exclusion of regulated investment services requiring MiFID II authorisation. Revenue from these services is tracked separately and disclosed where it represents more than 5% of consolidated gross revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

European Equity Research Partners produces and distributes issuer-funded equity research as institutional infrastructure under the EU framework for issuer-sponsored research (Listing Act Directive (EU) 2024/2811 and the EU Code of Conduct adopted in May 2026). The firm delivers initiation reports with formal BUY/HOLD/SELL ratings and 12-month price targets, quarterly updates, flash notes on material events, and downloadable three-statement financial models with DCF valuation. Research is published openly on publication day with no paywall, reaching all institutional investors simultaneously.

Product overview

European Equity Research Partners (EERP) is an equity research firm operating as institutional infrastructure for issuer-sponsored research. The company does not offer a software platform or SaaS product; instead, it provides financial research services comprising initiation reports, quarterly updates, and flash notes on listed companies across European, Middle Eastern, and Central Asian markets. Each research package includes formal BUY/HOLD/SELL ratings with 12-month price targets, downloadable three-statement financial models in Excel format, and full disclosures on conflicts of interest. All content is published openly without paywalls or registration requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Issuer-Sponsored Research Reports Equity research reports funded by listed companies, produced to institutional standard under the EU regulated framework, with formal BUY/HOLD/SELL ratings and 12-month price targets. Targets listed issuers that have lost or never had analyst coverage.
• Initiation Reports 15-20 page comprehensive reports with formal rating, 12-month price target, investment thesis, catalysts, valuation (DCF and peer multiples), financial model summary, risks, industry context, and company analysis. Issued when EERP first covers a company.
• Quarterly Updates Revised financial models, refreshed investment thesis, and updated 12-month price targets issued on a quarterly basis for each covered issuer.
• Flash Notes Prompt research notes published after material events such as earnings releases, M&A activity, guidance changes, or regulatory developments on covered issuers.
• Downloadable Financial Models Three-statement financial models (income statement, balance sheet, cash flow) with DCF valuation across base, bull and bear scenarios and peer multiples, available in standardised Excel format for download.
• Strategic, Financial and Communication Consultancy

Quantifiable outcome

• Every covered company receives a formal BUY/HOLD/SELL rating and 12-month price target, with quarterly updates and flash notes on material events
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Allied Exchanges (stock exchanges and market infrastructures)coreChannel Partner/ Reseller/ DistributorEERP enters into white-label licence agreements and strategic alliances with stock exchanges, organised markets and other market infrastructures (Allied Exchanges). These partnerships extend structured, institutional-standard coverage across eligible issuers listed on the exchange, with research potentially distributed under the exchange's brand. The alliance includes royalty or economic consideration linked to issuers listed on the Allied Exchange. EERP expressly preserves its right to issue unfavourable recommendations (SELL) on issuers listed on an Allied Exchange without this constituting grounds for termination.
• Distributing investment firmscoreChannel Partner/ Reseller/ DistributorInvestment firms distribute EERP research to their institutional clients. Under Clause 7 of the EU Code of Conduct, EERP makes available to these firms upon request: a summary of the issuer-sponsored research agreement with each covered issuer, the Conflicts of Interest Policy, the Code of Conduct, management steps for specific conflicts, information on organisational and information barrier measures, and historical recommendation distributions. EERP may commission independent external auditor opinions on EU Code compliance to facilitate distribution.
• External Analysts (contracted freelance analysts)coreStrategic or Co-development PartnerEERP outsources the substantive production of analysis to qualified External Analysts contracted under commercial service agreements, without an employment relationship. EERP exercises effective, documented control over these analysts to ensure compliance with the EU Code, MAR, and Delegated Regulation 2016/958. External Analysts must submit initial and annual conflict declarations, are subject to the Restricted List regime, and may not cover the same issuer for other firms during the engagement with EERP and for three months thereafter.
• External Compliance AdvisercoreImplementation/ SI/ Consulting PartnerEERP appoints a law firm specialising in financial markets and regulatory compliance as External Compliance Adviser. The adviser provides support to the internal Compliance Officer (Sole Administrator), assumes the role of ad hoc Compliance Officer in recusal situations, conducts periodic Code and policy reviews, advises on internal investigations, supports CNMV relations, validates double reviews when the Head of Research acts as authoring analyst, and may manage the internal whistleblowing channel.

Scale indicators2 records

Recent moves8 records

Expansion highlights5 records

Emerging players

• AlphaSense: AI-powered market intelligence and equity research platform aggregating external research content for institutional investors. Comparable to EERP as a research-distribution infrastructure provider for the buy-side, though operating a technology platform model rather than producing proprietary research.

Direct peers

• Equity Development: UK independent equity research provider producing issuer-sponsored research for AIM-listed and small-cap companies. Directly comparable to EERP in business model (issuer-paid), product format, and small/mid-cap focus.
• Hardman & Co: Independent London-based research firm producing institutional-grade equity research on small and mid-cap UK and European listed companies, with a long-standing focus on the coverage gap left by departing sell-side desks. Comparable to EERP in target segment and editorial positioning.
• AlphaValue: Independent European equity research firm producing fundamental research on listed European companies, including coverage of small and mid-caps. Most directly comparable to EERP as a non-bulge-bracket independent research provider addressing the European coverage gap left by MiFID II unbundling.
• Edison Group: UK-based equity research and investor relations firm producing issuer-sponsored research on small and mid-cap listed companies across Europe. Closely comparable to EERP in product mix, target issuer segment, and the issuer-sponsored revenue model.

Broad incumbents

• Pareto Securities: Nordic-focused investment bank with strong equity research franchise covering small and mid-cap listed companies in the Nordics and broader Europe. Comparable to EERP in small/mid-cap issuer focus, though operating as a full-service broker with corporate finance and execution alongside research.
• MainFirst: European independent research house providing equity research and corporate advisory to mid-cap listed companies across Europe. Comparable to EERP as an established non-bank European research provider, though broader in scope and more established in the market.
• S&P Capital IQ Pro: Global research, data, and analytics platform serving institutional investors with equity research, financial models, and issuer data. Comparable to EERP as institutional research infrastructure for the buy-side, though operating at much greater scale and across all global markets.
• Berenberg: European bank with a leading mid-cap equity research franchise covering hundreds of small and mid-cap European listed companies. Comparable to EERP in addressing the European mid-cap coverage universe, though operating across a much wider product set including investment banking and asset management.
• Bloomberg Intelligence: Bloomberg's proprietary equity and industry research arm providing institutional research on global listed companies via the Bloomberg Terminal. Comparable to EERP as a research provider reaching institutional investors, though vastly larger in scope and embedded in a global data platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about European Equity Research Partners