Altium opens Frankfurt office

MANCHESTER-based international investment bank Altium has opened a new office in Frankfurt.
 
The opening of its ninth office in Europe comes shortly after the firm agreed exclusive partnerships with US adviser Petsky Prunier and Indian international investment bank Allegro.  
 
Altium said it enjoyed a successful 2012, advising on deals worth £4.8bn, up 31% on 2011.
 
The firm completed 41 transactions last year, including 13 led by its UK team in Manchester, London and Leeds, and 28 by international offices.
 
Eight of the deals, worth £265m, were completed out of Altium’s Manchester office. This was 70% up on the previous year (£156m).
 
Deals included: Equistone Partners Europe’s acquisition of a significant stake in technical services recruitment business Fircroft in a deal worth £140m; the £85m management buyout of Bifold Group by LDC; and the £11m sale of internet service provider Metronet to LDC.

Phil Adams, group chief executive of Altium, said: “We are really excited about the potential of our new office in Frankfurt. The new team there will focus primarily on technology and debt advisory mandates and is an excellent fit with the rest of our business. Our exclusive partnerships with Petsky Prunier and Allegro will greatly enhance our reach into North America and India.”