Alantra generated revenues of €315.2m (+77.2%) and net profit of €56.1m (+93.2%) in 2021

Results

Net revenues reached a record high of €315.2m (+77.2%), motivated by strong business performance and benefitting from the market momentum. In Investment Banking and Credit Portfolio Advisory, revenues reached €206.5m (+73.1%) and €51.5m (+79.6%), respectively. In Alternative Asset Management, revenues increased by 97.5% to €55.4m, driven by steady growth in fee-earning assets under management (+21.7%) and, especially, the success fees (€25.9m) generated in 2021.
Operating expenses amounted to €231.2m (+62.7%) due to higher variable retribution (+206.1%) driven by strong business performance.
Net profit attributable to the parent reached €56.1m (+93.2%), of which €55.9m (+90.6%) correspond to the fee business, €0.3m to the portfolio and -€0.1m to other results.

Balance sheet

As of 31st December 2021, the Group maintained a strong balance sheet, with €286.5m of shareholders’ equity attributable to the parent and no financial leverage; €237.2m in cash, cash equivalents and a monetary fund; and €80.0m portfolio of investments in products.
Year-end figures show an extraordinarily high liquidity situation, which will be normalized once variable retribution is paid (€113.0m) and tax liabilities and dividends are settled.

Shareholder remuneration and investment in the Group’s growth

The Board of Directors is considering proposing to the Annual Shareholders Meeting (April 2022) the distribution of €0.55 per share to be paid in May.
The Group envisages significant investments in 2022 driven by its corporate development ambitions, including the exercise of a call option for an additional 24.5% of Access Capital Partners to reach a 49% stake in the company.
In light of the above, the Board will decide on the amount to be distributed as an additional dividend during the second half of 2022.

Business Activity

Investment Banking activity led to a record figure of 186 transactions (+40.9%), 27% of which were in Technology, 25% in Industrials, and 18% in Consumer Goods and Retail. As a result of this performance, Alantra ranked as the #4 Independent advisor in Europe by the number of deals advised and #3 Independent advisor to PE in Europe, according to Mergermarket. 14 senior professionals joined Alantra to strengthen its specialized and diverse services.
In Asset Management, Alantra launched four new strategies and increased capital commitments in its Energy Transition Fund, Real Estate Debt Fund, Solar Energy Fund; and Alantra Global Technology Fund. Furthermore, EQMC & QMC strategies achieved a strong performance of +23.7% and +16.9%, respectively. Additionally, the EQMC fund has been named one of the EMEA’s top-performing European Equity Funds in 2021 by Investors Choice Awards 2022. As of 31st December 2021, Alantra and its Strategic Partners raised its fee-earning assets under management to €15.7bn.
Alantra’s Credit Portfolio Advisory division has advised on 59 transactions (+73.5%) worth over €58.8bn, including the second-largest rated NPE securitization in Europe (Alphabank, Project Galaxy, €10.8bn).