
Investment banks Altium and GCA Savvian merge

Financial advisory services firm Altium Capital has merged with fellow investment banking outfit GCA Savvian to form new group GCA Altium.
Valued in excess of £250m, the merger sees Altium and GCA consolidate their presence in the US, European and Asian M&A markets, which have been the advisers' long-standing core geographies.
The two companies generated combined revenues of £120m in 2015 and advised on more than 315 deals over the last three years.
GCA Altium's offices will include San Francisco, Manchester, New York, Frankfurt, Tokyo, Mumbai, London, Osaka, Beijing, Singapore, Munich, Zurich, Milan and Tel Aviv.
Altium's most recent European activity includes providing corporate finance services to UK-based software provider Guestline when it was acquired by The Riverside Company, and running the sales process for British health food retailer Vital Ingredient that led to an £8m investment from LDC.
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