Heritage



Isola Capital can trace its roots back to 1946 when its founder Clarence Dauphinot and two associates moved to Brazil to explore investment banking and direct investment opportunities. They founded Deltec, an initiative sponsored by Al Gordon, Chairman of Kidder Peabody where Dauphinot had previously been Head of the International Bond Department.


Over the ensuing decades, Deltec forged its reputation as a pioneer in emerging market direct investment, investment banking and wealth management with the foundation of Deltec Bank and Trust in Nassau, Bahamas in 1959.

 

Deltec, led by Dauphinot, began to engage friends and prominent financiers to co-participate in deals across Latin America, built out of an "Investor Club" or "Investor Round Table" structure that led Deltec to being seen as being one of the first formalised venture capital platforms in the world. This gave ultra high net worth individuals a unique platform to source and participate in deals and led to the growth of a one of a kind, boutique, transparent client-oriented private banking arm where all shareholders were major clients, ensuring that the interests of the client and the shareholders were, by default, perfectly aligned.

 

In Deltec, Dauphinot built a lasting legacy of premier private banking, co-investment and fund management. The spirit of pioneering thinking, innovation and creative approaches to financial markets that Dauphinot championed remains the bedrock of Isola Capital's principles today. Through its multi-family office structure and select group of Investor Round Table members, Isola Capital continues to carry the tradition of sourcing, structuring, investing and managing proprietary investments.

  • 1940s
    THE BEGINNINGS

    Deltec is incorporated in May 1946, initially only as a holding company. The name “Deltec” is coined by the Brazilian lawyer to reflect the names of its three founding members Dauphinot, Elrick and Littlejohn, the three “tecnicos” (literally translated as “technicians”).

    Whilst awaiting the granting of a banking license, Deltec operates as a trading firm, selling everything from “pots, and pans to glassware, Old Crow Whisky and Crosley cars”.

    1946
    Deltec is Founded

    Deltec’s founder Clarence Dauphinot, backed by Al Gordon, and two associates move to Brazil

    1949
    First Breakthrough

    American and Foreign Power Corporation mandates Deltec with the sale of a US$1.5 million common stock issue for Cia. Brasileira de Energia Electrica in Brazil

  • 1950s
    Latin American Growth

    After the successful rights sale of Cia. Brasileira de Energia Electrica, in which the Deltec team sells securities door-to-door traveling across the countryside in 4x4 Jeeps in what proves to be one of the first successful attempts at wide-spread securities sales in the country, Deltec consolidates its position as a leader in Latin American investment banking and direct investment, underwriting 35 issuances between 1953 and 1959 in the region.

    1952
    First “Investor Club” Deal

    Deltec invests in the setup of a chenile manufacturing facility in Brazil. Deltec along with its co-investors provide the seed capital and operational backing for this venture and enjoy “huge success”, later selling their interest in the company to Listas Telefonicas.

    1952
    1959
    Deltec Bank and Trust, Bahamas

    Deltec is granted its Banking license in 1959 and its Trust license in 1961 in Nassau, Bahamascompany to Listas Telefonicas.

    1959
    1952
    First “Investor Club” Deal

    Deltec invests in the setup of a chenile manufacturing facility in Brazil. Deltec along with its co-investors provide the seed capital and operational backing for this venture and enjoy “huge success”, later selling their interest in the company to Listas Telefonicas.

    1952
    1959
    Deltec Bank and Trust, Bahamas

    Deltec is granted its Banking license in 1959 and its Trust license in 1961 in Nassau, Bahamascompany to Listas Telefonicas.

    1959
    1950s
    Latin American Growth

    After the successful rights sale of Cia. Brasileira de Energia Electrica, in which the Deltec team sells securities door-to-door traveling across the countryside in 4x4 Jeeps in what proves to be one of the first successful attempts at wide-spread securities sales in the country, Deltec consolidates its position as a leader in Latin American investment banking and direct investment, underwriting 35 issuances between 1953 and 1959 in the region.

  • 1960s - 1980s
    Investor Club Grows

    Deltec Bank and Trust in the Bahamas serves to formalise the “Investor Club” that Deltec has established, bringing together prominent financiers and entrepreneurs from across the globe and providing a platform to originate, finance and execute direct investment opportunities in Latin America and abroad. This is widely noted as one of the first recorded formalised venture capital platforms globally.

    By the 1980s the Deltec "Investor Club" has grown to include more than 25 prominent and actively involved investors, both individual and institutional spanning Latin America, North America and Europe.

    1989
    Deltec Latin American Fund

    The Deltec Latin American (Debt) Fund S.A. is launched in 1989 and manages US$500 million in assets under management at its peak

  • 1990s
    Launch of Fund Management Platform

    Deltec’s “Investor Club” members participate and co-invest in an issuance of Venezuelan government debt which generates handsome returns under the Brady Scheme of the late 1980s. This sets the foundations for the launch of the Deltec Latin American (Debt) Fund S.A. which becomes one of the top performing fixed income funds globally during the 1990’s, returning 742% between 1989 and 1999 net of fees to investors.

    By 1999, Deltec has a total of US$1.2 billion of assets under management and is managing a suite of dedicated funds including the Deltec Latin American (Debt) Fund S.A., the Deltec Emerging Market Income Fund L.P. and the Deltec Forum Fund, L.P.

    1990s
    Launch of Fund Management Platform

    Deltec’s “Investor Club” members participate and co-invest in an issuance of Venezuelan government debt which generates handsome returns under the Brady Scheme of the late 1980s. This sets the foundations for the launch of the Deltec Latin American (Debt) Fund S.A. which becomes one of the top performing fixed income funds globally during the 1990’s, returning 742% between 1989 and 1999 net of fees to investors.

    By 1999, Deltec has a total of US$1.2 billion of assets under management and is managing a suite of dedicated funds including the Deltec Latin American (Debt) Fund S.A., the Deltec Emerging Market Income Fund L.P. and the Deltec Forum Fund, L.P.

  • 2000s
    Hedge Fund Investment

    Following its merger with Atlas Capital Group, an institutional alternative investment manager with over US$4.8 billion of assets under management, Deltec Bank and Trust continues to operate as a standalone entity and successfully expands its core business activities whilst centering its investment activity and expertise on hedge fund manager selection and investment. Deltec Asset Management is spun off.

    2001
    Hedge Fund Investment

    Deltec is merged with Atlas Capital Group

  • 2010 onwards
    A Return to its Roots

    Following the sale of Atlas Capital in 2008, the shareholders of Deltec complete a management buy back of the Deltec Bank and Trust in the Bahamas and redirects its focus to capturing innovative and proprietary investment opportunities.

    With focus shifting once more to direct investment and co-investment opportunities in emerging markets, the investment management function for Deltec is relocated from London to Hong Kong with the founding of Deltec Capital Limited. The focus is to complement the framework of investment and fund management expertise built up over the preceding decades, and to seek and manage new investment opportunities. In addition the exclusive wealth management capabilities, including trust and foundation services of Deltec Bank and Trust can be marketed.

    2010
    Deltec Capital Group Limited

    Atlas Capital is sold and Deltec retains its multi-family office structure. Deltec Capital Limited, a wholly owned subsidiary of Deltec Capital Group Limited, is founded in Hong Kong.

    In 2013, Deltec Capital Group expands its shareholding to include select European and Asian family offices to broaden and deepen its investment and asset management capabilities. The focus is back to the core roots of the Investor Round Table for direct investments in growth capital opportunities with like-minded families around the world.
     

    Isola Capital Group

    In 2014, certain European and Asian family offices become direct shareholders into the Deltec Capital Group platform to formalize their commitment to the multi-family office structure and pool resources to enhance the investment capabilities of the platform. The group is rebranded under the umbrella of Isola Capital Group.

    2010
    2010
    Deltec Capital Group Limited

    Atlas Capital is sold and Deltec retains its multi-family office structure. Deltec Capital Limited, a wholly owned subsidiary of Deltec Capital Group Limited, is founded in Hong Kong.

    In 2013, Deltec Capital Group expands its shareholding to include select European and Asian family offices to broaden and deepen its investment and asset management capabilities. The focus is back to the core roots of the Investor Round Table for direct investments in growth capital opportunities with like-minded families around the world.
     

    Isola Capital Group

    In 2014, certain European and Asian family offices become direct shareholders into the Deltec Capital Group platform to formalize their commitment to the multi-family office structure and pool resources to enhance the investment capabilities of the platform. The group is rebranded under the umbrella of Isola Capital Group.

    2010
    2010 onwards
    A Return to its Roots

    Following the sale of Atlas Capital in 2008, the shareholders of Deltec complete a management buy back of the Deltec Bank and Trust in the Bahamas and redirects its focus to capturing innovative and proprietary investment opportunities.

    With focus shifting once more to direct investment and co-investment opportunities in emerging markets, the investment management function for Deltec is relocated from London to Hong Kong with the founding of Deltec Capital Limited. The focus is to complement the framework of investment and fund management expertise built up over the preceding decades, and to seek and manage new investment opportunities. In addition the exclusive wealth management capabilities, including trust and foundation services of Deltec Bank and Trust can be marketed.

Deltec International Group

    • Jean Chalopin- Executive Chairman
    • Tom Stendhal- Director
    • Hugues Lamotte- Director
  • Jean was the founder of DIC Entertainment, an international film and television production company and animation studio responsible for creating and producing television shows. By 1981, DIC group of companies had become the world's largest creator and producer of children's programs for television.

    In 1987, Jean sold his interest in the DIC Group and formed C&D (Creativity & Development), which had its main offices in Paris and Tokyo. An associated company, JetLag Productions, was also created in Los Angeles. The newly formed group's strategy was once again centered on top quality writing and production for children. By 1996, the C&D Group included a film library that had grown to more than 1,500 half hours and was sold to the Saban/Fox Kids Network joint venture that year. Jean's creations include renowned shows including: Inspector Gadget, Heathcliff, The Littles, Ulysses 31, The Care Bears, Kissyfur, The Real Ghostbusters, The Cities of Gold, Dennis the Menace, Zoobilee Zoo, Conan the Adventurer, M.A.S.K., Jayce & The Wheeled Warriors, Lady Lovelylocks, King Arthur and The Knights of Justice, The Bots' Master, The Littlest Pet Shop, Happy Ness and Cyrano 2022.

    After a long and distinguished career in film and television production in Europe, Hollywood and Japan, Jean moved to Beijing, China in 2004 to set up Mediaplus Capital, a boutique investment and venture capital platform focusing on renewable energy and consumer food and beverage opportunities in China.

    Jean is a founder and Chairman of The StoryPlus Foundation, originally established in Switzerland, which is a charity organisation focused on providing underprivileged children with necessary means to study. The Foundation also funds schools & orphanages in underdeveloped countries and provides teachers with free stories for their students. The Foundation has also joined forces with other charitable organizations that strive to improve the education level and well-being of children around the world.

    Jean has been a client, investor and shareholder with Deltec for over 30 years.

  • Tom founded Scott Sports, Switzerland, one of the world's largest winter and outdoor sports equipment manufacturers, in 1979 and served as CEO. He later merged Scott Sports, Switzerland with Scott USA and served as CEO of the consolidated group. He formed the Scott Sports Group and purchased the Schwinn Bicycle Company in 1993. The Scott Sports Group sold Schwinn in 1997 and Tom sold his interest in the Scott Sports Group at the same time. In 1998, he repurchased Scott Sports. Under his direction, revenues increased from $100 million in 1998 to over $400 million in 2008. He resigned as Chairman in 2010 to devote full time to his other portfolio investments.

    Tom has served on the boards of a number of companies globally.

    Tom graduated with a Bachelors degree in Economics and an MBA from the University of Fribourg, Switzerland.

  • Hugues has been engaged in international finance in various capacities for almost 40 years and has extensive experience of investing in Europe, Asia and Emerging Markets. From 1974 to 1995 he was a Managing Director of Schroder Wertheim & Co. Inc in Europe and in 1994 he founded Atlas Capital Group, which managed over US$4.8 billion in assets and was Chairman of its various group companies until 2008.

    Hugues graduated with a Bachelors Degree from Ecole Supérieure de Commerce de Paris, and an MBA from the University of Paris.