Mid-market investment bank Alantra has poached five senior investment bankers for its European operation, the latest recruits in a hiring spree this year at the firm.
The bank has launched a new team covering the real estate and hospitality sectors in Paris, bringing in three new partners — Yonel Marelli, Richard Desgroppes and Jérémie Sénior — as well as two other bankers lower down the ranks. They are joining from French real estate firm Babylone Group.
Meanwhile, Sven Harmsen and Mathias Heymann have joined as managing directors in its Frankfurt office, covering the industrials and technology sectors respectively. In April, it hired Oliver Parker from Arma Partners for its technology team.
Alantra has now hired 25 senior investment bankers so far this year, largely in higher growth sectors including technology, healthcare and financial institutions. The hiring spree has been driven by near-record M&A activity at the firm, which has advised on 109 deals worth a total of $11.5bn so far this year.
The mid-market, typically transactions under $500m, has become an increasingly crowded space as large investment banks including Goldman Sachs, Bank of America, Citigroup, HSBC and JPMorgan have created teams of dealmakers to target smaller deals. Specialist players including Houlihan Lokey have also been bulking up in Europe this year.
In the first half of this year, Alantra posted revenues of €142.0m, an increase of 76% on the same period last year. Its variable compensation costs increased by 189% over the same period.
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