Revenues increased by +11.3%, up to €26.6mn, driven by a +14.5% revenue growth in Investment Banking and a +6.6% increase in Asset Management. No performance fees were generated during the quarter.
The Group generated €4.1mn of attributable net profit (vs. €6.7mn in Q1 2017), composed of:
Alantra’s General Shareholders’ Meeting, which took place on April 25th, approved the additional distribution of 0.37 euros per share. Total shareholder remuneration corresponding to 2017 results amounted to 0.84 euros per share (+40% versus 2016 and +68% versus 2015), implying a payout of 100% and a dividend yield of 7.4%.[1]
In Asset Management, Alantra’s Private Equity team made four acquisitions in 2018, reaching 41% of the investment capacity of its latest fund (Alantra PEF III).
Mixed performance of the active funds: QMC II and its successor fund QMC III obtained a +7.2% performance (accumulated compound annual return of 16.5% since 2013) and a +2.4% in Q1 2018, respectively. EQMC suffered a -4.5% loss in the same period (total compound annual return since 2010 at 18.4%).
31 deals advised by the Investment Banking division (+10.7%), out of which 16 were in M&A, seven in capital markets, four in strategic advisory, three in debt and one in portfolio advisory.
To visit the Q1 Results Presentation, please click here.
[1] The dividend yield was calculated dividing the dividend paid by the average closing share price during 2017 (€11.31 per share).
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