News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

D’Angelin & Co profit drops 48% after slump in M&A deals

The boutique adviser said that retainer fees helped cushion a ‘very difficult’ year for deals

Based near St Paul’s, D’Angelin & Co saw profit fall by more than £5m last year
Based near St Paul’s, D’Angelin & Co saw profit fall by more than £5m last year Photo: Getty Images

A boutique investment bank led by a former Lehman Brothers dealmaker saw profit slip by 48% last year amid a dearth in M&A deals.

D’Angelin & Co, the advisory firm headed up by veteran dealmaker Benoît D’Angelin, posted a profit of £5.8m for the year to 31 December 2023, according to newly-released accounts, down from £11.2m a year earlier.

WSJ Logo