Private placement agent Acanthus Advisers and corporate advisory business MMC Advisers have merged to form an independent corporate finance advisory firm focused on private equity providing fund placement and corporate advisory services. The combined business will operate under the Acanthus name.
The merger combines Acanthus’ strengths in the fund placement business with MMC Advisers’ growing presence in small to mid-cap corporate advisory businesses and a common focus on private equity.
The fund placement business will typically serve funds with a size of between €100m and €500m. Services include capital raising, investor relations, fund conception and structuring, strategic financial advice and secondary transactions. The corporate advisory business targets companies with enterprise values of between €15m and €150m. Services include capital raising and structuring, selling businesses, mergers and acquisition, strategic financial advice and secondary transactions.