If you’re casting about for a top M&A boutique to send your CV to, you could do worse than Greenhill & Co.’s European business. The firm’s limited liability partnership in London just reported its results for the year ending 31 December 2014 and they’re pretty impressive.
Run by the aptly named Luca Ferrari and Anthony Parsons, this is what you need to know about Greenhill’s impressive year.
1. Greenhill & Co. Europe LLP increased pay per head in Europe to €371k ($422k) for 2014
This was up 32% on the year before.
2. Greenhill & Co. Europe LLP just saw its revenues more than double
In 2013, Greenhill’s revenues were €6.5m in Europe. In 2014, they were €11.5m.
3. And it saw operating profits increase more than tenfold
In 2013, Greenhill & Co. Europe LLP’s operating profits were €395k. In 2014, they were €4.6m. That’s am operating margin of 40%.
4. Most people are producers
Over at Deutsche Bank’s investment bank, there were ‘2.3’ back office staff to every front office investment banker in the past quarter. As an M&A boutique, Greenhill is able to operate with a lot less bureaucracy. In 2014, the European limited liability partnership had 13 staff. 11 were investment bankers. Two were admin professionals.
Photo credit: Sam T