Europe's boutique firms stealing M&A market share from top global i-banks

Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top deal-makers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay.

Founded largely by veterans fleeing bureaucracy and shrinking paychecks at the large banks, these low-profile small firms are proving popular among companies who value their niche expertise and independent advice as opposed to mega-banks who tend to cross-sell other services like financing.

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