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.