Benelux heavyweight Loyens & Loeff has reported a 4 per cent rise in revenue for last year, from €214m (£147m) to €222m (£152m), with €22m (£15m) generated from outside its core Continental market.
Loyens began targeting the Chinese market last year with a series of seminars aimed at inbound Chinese instructions. However, the majority of the firm’s revenue remained rooted in the Benelux region.
The firm, formed in 1999 with the merger of tax specialist Loyens & Volkmaars and half of the former Dutch giant Loeff Claeys Verbeke, is best known for the high number of tax advisers it contains. In recent years, however, Loyens has focused on ramping up its corporate business.
Last year, the firm’s major deals included advising Viacom on the $50m (£28.6m) spin-off of MTV Networks and Paramount Pictures into New Viacom; Apax Partners on the acquisition of Versa-tel Telecom; and Clayton Dubilier & Rice, Carlyle and Merrill Lynch Global Private Equity on the Benelux aspects of the acquisition of Hertz.