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Update: Moelis & Company Continues To Become A More Important Player In The M&A Space

Moelis & Company (MC) reported a lumpy Q4 but a solid full year in what was a blowout 2014 for the firm. Full year results confirmed my standing long-term bull thesis. Outside of executing its IPO the firm reported:

  • Record annual revenues of $518.8 million, up 26% over 2013 driven by increased transaction closings across a broad base of sectors, geographies and advisory services
  • Fourth quarter revenues of $143.9 million, down 7% from a record quarter in Q4 2013
  • Added 64 bankers, including eight Managing Directors, on a net basis in 2014; ended the year with 381 bankers, including 94 Managing Directors
  • 2.5% annual yield
  • We enhanced our advisory expertise in the U.S. and Europe, launched our Private Funds Advisory business and opened offices in Melbourne, São Paulo and Washington DC

Again, because of the nature of MC's business, results are always more lumpy than other financial niche… Read More …