K3 Capital Group plc, the holding company of KBS Corporate, has today announced the following trading update, which outlines the incredible success across the group so far in FY18.
In line with the stated business strategy of expertly negotiating, completing and advising on key, high-value deals, the Company is pleased to announce that KBS Corporate has completed another significant private equity transaction, in addition to several recent successful transactions across the Company.
The Company is trading substantially ahead of management’s expectations for the year ending 31 May 2018, demonstrating significant year-on-year growth across all key metrics, including revenue, profitability and cash flow.
The Group now expects full-year revenue to be c. £16m and anticipates achieving an EBITDA of c. £7m.
The Company continues to see year-on-year growth in KPIs and has a record pipeline of transactions for the current year and beyond, indicating this momentum shows no sign of slowing.
John Rigby, CEO, commented:
“The completion of this significant deal demonstrates the Group’s ability to attract the highest bidder for our clients. We are thrilled to have completed this landmark transaction and look forward to increasing our deal-flow in this higher-value sector of the market.
“We focus on strategically positioning our clients’ businesses to maximise the value from a transaction. To ensure a competitive process, we regularly adopt a dual track sales approach to involve strategic trade buyers, PLCs, private equity and family offices. We have completed many transactions with UK and overseas PE houses as well as several with family offices in Europe and Canada over the last few years as we continually strive to find the optimal outcome for our clients.
“We are confident that this approach will continue to assist us in attracting higher value mandates and in turn delivering successful outcomes for our clients. We look forward to updating the market with more details after the Group’s year-end.”