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Zaoui brothers’ profits shrink by 72% after record year
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Profit at boutique investment bank Zaoui & Co shrank by 72% to £2.4m in 2021, a sharp decline after a record 12 months a year earlier.
The boutique, run by dealmaking brothers Michael and Yoël Zaoui, brought in fees from M&A deals of £11.6m in 2021, new accounts on Companies House show, down from £17.5m a year earlier. Profit of £2.4m was down from £8.7m in 2020 — a record year for the advisory firm set up in 2013.
Zaoui...
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