‘Our results are a testament to the great team we have built’ best ever performance for finnCap Group

Sam Smith

Strategic advisory and capital raising service finnCap Group have announced an 84% increase in total annual income to £47.6m.

Over the past 12 months, the group completed 76 transactions – and had £33.4m worth of total deal and advisory fees.

The firm also helped raise over £723m in equity funding through 36 public market placings.

Also included in finnCap’s annual statement was the news that they completed 16 public and private M&A transactions with an aggregate value of c.£600m. They also completed nine completed transactions in debt advisory, with more than £124m in funds raised.

Sam Smith, CEO, finnCap Group, said: “Our results are a testament to the great team we have built over many years, and to our dynamic, collegiate and smart-thinking culture in delivering our clients’ ambitions in an extraordinarily complex environment. Our stronger results allowed us to accelerate our strategy of expanding our product suite for growth companies in the second half making key sector and origination hires, increasing our capability in our core ECM business and establishing access for clients to new pools of capital.”

Stuart Andrews, Managing Director, finnCap Capital Markets comments: “We delivered our best-ever financial results whilst operating in the most complex operating environment we have seen since finnCap was founded.  Strong equity market conditions and the impact of COVID-19 on clients – both positive and negative – created extraordinary demand for our services and pressure for our team to deliver.”

Overall equity issuance on AIM was high with c.£5.4bn raised in the year. finnCap’s market share was c.13% (fundraisings between £5m and £100m) reflecting its particular strength and historic investment in the technology, life sciences and consumer sectors.

finnCap are running a series of digital events in partnership with Business Leader called Inside the Deal. Catch up with the latest episodes from the series now.