Houlihan Lokey, the independent investment bank, has more than doubled profits from its European division as its management team targets growth outside its US home market.

Revenues at Houlihan Lokey Emea rose almost 45% to £75.5m in the 12 months to March 31, 2018. Pre-tax profits in the same period jumped from £13.4m to £35m, according to accounts filed with the UK’s Companies House.