Alantra reports nine-month revenues of €109.5mn (-10.5%) and a net profit of €3.3mn (-24.4%)

Results and Balance Sheet

• The Group’s nine-month net revenues came in at €109.5mn (-10.5% YoY).
  • In Asset Management, revenues rose to €23.4mn (+6.4%), driven by an increase in management fees due to the progress in fundraising across the Group’s consolidated businesses.
    
    The fundraising environment remains challenging, with a cumulative 70% decline in global fund closures since the peak of 7,602 in 2021.[1] Despite this, Alantra increased its net Fee-earning Assets Under Management by over €262mn in the first nine months of the year.
    
  • Financial advisory revenues stood at €84.8mn (-15.1% YoY) amidst a slower market environment.
    
    The global mid-market M&A sector saw a further 24% decline compared to the same period last year. [2] In line with this trend, Alantra closed 100 deals by September, a 25% decrease from the same period last year.

• Nine-month net profit attributable to the parent company stood at €3.3mn (-24.4% YoY).
• The Group maintained a solid balance sheet with cash and cash equivalents of €105.9mn[3], and, additionally, €44.0mn of an attributable portfolio of investments in products managed by the Group[4] as of 30 September 2024. The Group has no leverage.

Shareholders’ equity amounted to €282.4mn.

Activity

• In Financial Advisory, Alantra closed 100 deals: 45% in M&A, 19% in debt advisory, 13% in credit portfolio advisory, 16% in strategic advisory, 4% in SFABS, and 3% in ECM. The most active sectors included FIG (25%), Technology (20%), Industrials (11%), and Healthcare & Pharmaceuticals (11%). Notable transactions in the third quarter include Alantra advising Oakley Capital on the strategic combination of Germany’s largest independent OTC and wellbeing platform Windstar Medical with Merz Group; John Wood Group PLC, and Siemens Energy AG on the sale of EthosEnergy to One Equity Partners; Erste Asset Management on the acquisition of ESG-focused Impact AM; Banca March and Meliá International Hotels on financing a three-hotel portfolio in Spain; acting as Co-Lead Manager in Merlin Properties’ €920m capital increase; and advising on the IPO of ICOP.
• In Asset Management, Alantra increased the capital commitments of Alantra Private Equity Fund IV to €340mn[5] and completed three acquisitions. Meanwhile, EQMC raised over €200mn from international investors, out of which €111mn have been already invested in the first nine months of the year.
  Alantra’s Real Estate Debt Fund closed a sustainable financing deal in Paris, marking the Fund’s 12^th transaction and second investment in France.

[1] Source: Preqin

[2] Source: LSEG; Worldwide Mergers & Acquisitions by Deal Size; deals from 0 to €500mn

[3] €78.0mn of cash and cash equivalents and €27.9mn invested in a monetary fund included under non-current financial assets

[4] €74.7mn of a portfolio of investments in products managed by the group (50.1% attributable) + €18.1mn of investments in photovoltaic projects (24.75% attributable) + €2.1mn of other investments in products managed by the group (100% attributable). Included under non-current financial assets

[5] Includes the amount corresponding to the second close of Alantra Private Equity Fund IV as well as additional contingent commitments not yet realized