Zeus ranks high in fundraising stakes

MANCHESTER-based broker Zeus Capital has recorded annual pre-tax profits of £11m.

The firm, which also has offices in London and Birmingham, said this performance over the last financial year to March 31, 2016, gives it an average pre-tax profit of over £10m a year for the last three years.

The balance sheet had year-end net assets of £18m and net cash of £13m.

Zeus Capital completed 23 transactions raising over £1.5bn across both the public and private markets over the period – these included three initial public offerings (IPOs), two reverse takeovers (RTOs) and 13 secondary fund raisings.

As a result, Zeus was ranked second on the London Stock Exchange AIM market for funds raised in 2015, including the £255m placing of Watkin Jones, the largest AIM IPO in the North West since  boohoo.com two years ago.

Meanwhile, private fundraisings totalled £32m across five transactions.

Zeus Capital has also added a Financials team, and recruited people with knowledge in  Natural Resources, a new sector for the firm. This brings total employees to 56 professionals, a 50% increase on last year.

It has also recently formed a partnership with Enclave, a US broker dealer, to provide access to North American financial markets for its clients.

Sir Nigel Knowles, chairman of Zeus Capital, said: “I have a high degree of confidence that against the background of the strategy we are pursuing and in even more challenging trading conditions, our people will continue to perform well. This confidence is underpinned by our core commitment to provide our clients with the best possible advice and service.”

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