 Then there was the group of partners which was expanding the firm's small and mid-size company-oriented business.As a result, the firm's emerging company merchant banking and project and commodity finance activities were spun off as Defoe Redmount which was created as a separated company with head offices in New York.In 2013, the partners of Defoe Redmount invested capital in to Defoe Fournier & Cie., as part of new capital raise, taking a sizable ownership in the firm.