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D’Angelin & Co profit drops 48% after slump in M&A deals

Investment Banking Editor

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A boutique investment bank led by a former Lehman Brothers dealmaker saw profit slip by 48% last year amid a dearth in M&A deals. 

D’Angelin & Co, the advisory firm headed up by veteran dealmaker 

, posted a profit of £5.8m for the year to 31 December 2023, according to newly-released accounts, down from £11.2m a year earlier. 

The boutique adviser said that retainer fees helped cushion a ‘very difficult’ year for deals

Paul Clarke

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