WASHINGTON: Revenues at STJ Advisors, the corporate finance advisory boutique, passed the £10m mark for the first time in its latest financial year, after the European market for initial public offerings burst back to life.
Revenues at STJ Advisors LLP increased from £9.8m to £10.5m in the 12 months to March 31, according to its latest accounts filed at Companies House. Profits remained constant at £7m and the average number of partnership members stayed at 22, the accounts said.
STJ was set up in 2008 by John St John, a former Nomura and Dresdner Kleinwort banker, as an independent adviser on capital markets transactions. It is often hired by private equity groups to manage the flotation process.
European markets benefited from a resurgence in IPOs during 2014, which accounted for three quarters of STJ’s financial year, with companies raising more than in the past two years combined.
According to its website, during the 12-month period, STJ worked on transactions including advising European bottler Refresco Gerber and its shareholders on a €563m IPO; advising the board of Trainline on its sale to private equity company KKR and advising ING on the €1.77bn IPO of NN Group, the largest Dutch insurance provider.
