Zeus ranks high in fundraising stakes
ZEUS Capital, which has an office in Birmingham, has recorded annual pre-tax profits of £11m.
The firm, which also has offices in London and Manchester, said the performance over the last financial year to March 31, 2016, gave it an average pre-tax profit of more than £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 during the year, raising more than £1.5bn across both the public and private markets – 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 during the period.
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, 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.”
