Global investment bank GCA achieved record revenues of GBP148 million and EBIT of GBP27 million in 2016, successfully completing 133 deals over the course of the year.
This is GCA’s first set of results since its July 2016 merger with Altium.
Recent high profile deals included advising JayZ on the investment by Stream in Tidal, the sale of Urban Engines to Google and the acquisition of Pretty Little Thing by GBP1.5bn listed company boohoo.com.
GCA Altium, GCA’s European business, which is headquartered in Manchester and has seven offices across Europe, completed a total of 66 transactions, including two of the largest software buyouts in Europe in 2016. This figure was boosted by key UK deals for casual dining chain Loungers, as well as technology companies Mitrefinch and Guestline.
The firm’s debt advisory team has also enjoyed a record year, advising on 28 transactions, making the firm one of the most active pan-European debt advisors. The team has advised on a range of transactions, working alongside corporates on refinancing deals for D&D Restaurants and Stroma, as well as supporting private equity acquisitions of Waterlogic and Rhubarb.
Phil Adams, CEO of GCA Altium, says: “These are the first results to be reported since our merger, and I am delighted that they show exactly why we followed this route. We now have a balanced business with similar scale in employees and revenues across each of Europe, Asia and the US.
“With 14 offices across 10 countries, we are a truly integrated and focused M&A business, differentiating the firm from many of our competitors, and these results highlight that we are a major player on the global stage, as well as in our local markets.”
