Altium Capital completes MBO

Altium Capital has completed a management buyout of the group from German European investment holding company, Gold-Zack. The transaction will allow Altium Capital to develop its growth strategy and will allow Gold-Zack to consolidate and redirect its banking activities. Altium Capital now owns the majority of the group and Gold-Zack will remain a minority shareholder.

Altium Capital provides corporate finance and M&A advice to both privately-owned and quoted companies. Part of the service to these companies includes raising debt and equity finance. Typical deal size is between EURO20 million and EURO400 million, although the business has successfully completed transactions as small as EURO5 million and up to EURO800 million. Over the past three years, the Altium Capital has completed over 200 transactions with an aggregate value of approximately EURO6 billion and has raised over EURO2 billion of equity and debt finance for its clients.

Michael Hough, managing director of Altium Capital, said: “This transaction will provide the management and employees of Altium Capital with the freedom to develop the group as an independent firm advising growth companies in the UK and continental Europe. We look forward to continuing our development as the investment bank of choice for entrepreneurially-managed businesses.”

Altium Capital has offices in London and Manchester in the UK and in Munich, Zurich, Paris, Madrid, Moscow, Athens, Oslo, Stockholm, Helsinki and Milan in continental Europe.