- Advertisement -

finnCap reveals better than expected results following strong March

finnCap total income up 83% from year before

finnCap Group (LON:FCAP), provider of strategic advisory and capital raising services to growth companies, today confirmed its results for the year ended on 31 March 2021.

The company said its unaudited total income for the year is around £47.3m, up 83% from the year before.

finnCap said its performance had been stronger than expected in March across the company, thanks to successful completion of further equity fundraisings, private M&A transactions and the company’s fourth IPO of the year.

Among projects the AIM-listed firm advised on in March was ready meals group Parsley Box’s London float.

Sam Smith, CEO of finnCap, commented on the company’s recent performance.

“The Group continued to perform strongly in March, surpassing our expectations. We acted on secondary equity issues raising a total of £66m, completed the £83.8m IPO of Parsley Box PLC, advised on several private M&A transactions including the sale of David Rubin & Partners, and secured £52m of debt funding for Rockpool Investments’ acquisition of Cambridge Maintenance Services,” Smith.

“This performance is testament to the platform that we have built to service the strategic and financial needs of ambitious growing companies and their management teams. Our pipeline for Q1 is healthy and I look forward to announcing our full year results in July.”

finnCap provides financial services to growth companies both public and private. It provides advisory, broking and research services to companies on AIM and on the London Stock Exchange Main Market and also advises on M&A, with a specialism in sell-side M&A through Cavendish, as well as arranging corporate debt and private company fundraisings.


Related Articles