Advisory fees accounted for 91% of revenues at boutique investment bank Greenhill during the second quarter, thanks to big deals such as pharmaceutical company Bayer's acquisition of rival Schering and media group Daily Mail & General Trust's sale of Aberdeen Journals to DC Thomson.
The firm's advisory revenues hit a record of $53.8m (€42.4m), more than triple those in the second quarter last year. The boost came from several large international deals the bank closed in the second quarter.