Altium Capital worked on its biggest M&A mandate last month during a period of significant internal change at the boutique UK investment bank.

The firm advised Barilla, the Italian pasta maker, on its hostile-turned-friendly takeover of Kamps, the German baker. At &euro1.8bn ($1.65bn), the takeover proved unusual as hostile deals remain relatively uncommon in Germany. The deal, led by Michael Hinderer, was the largest M&A transaction Altium had advised on.