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Spacs, M&A deals push finnCap’s revenues up 79% as it hunts for acquisitions

The City broker posted revenue of £46.6m in the year ended 31 March 2021

finnCap also reported an 84% increase in revenue in its capital markets division
finnCap also reported an 84% increase in revenue in its capital markets division Photo: Getty Images

City broker finnCap Group reported record revenues of £46.6m in the year ended 31 March 2021, up 79% from £26m the year before, as it begins to look at acquisitions in the ESG advisory space.

The broker's results, published on 1 July, come as the sector sees record fees during the first half of 2021, fuelled by a surge in blank cheque companies, M&A deals and leveraged finance transactions.

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