Close Brothers arm renamed

CLOSE Brothers Corporate Finance has been renamed as DC Advisory Partners after being taken over by Japan’s Daiwa in July last year.

The firm, which has over 200 staff, plans to open more offices in Europe this year as part of a growth drive in M&A, distressed investment, restructuring and debt advisory services.

DC Advisory Partners completed 12 deals over the first quarter of the year, valued at over €3.1bn (£2.7bn). These included advising private equity firm Advent International on the sale of Poundland to Warburg Pincus and on its acquisition of Xafinity Holdings.