Jarden paid $70 million in bonuses to staff after revenue hit a record $281 million

The news: Jarden says it paid staff over $70 million in bonuses in May after growing group revenue 6.4% to a record $281.5 million in the year to March. Earnings before interest, tax, depreciation, amortisation and staff bonuses are expected to be $125.2 million, up 9.8% from the previous year.

The context: Jarden won several high-profile advisory roles during the year, including IFM Investors’ $7 billion takeover of Atlas Arteria, and is advising TPG Private Equity on its proposed sale of Greencross to Coles. The trans-Tasman firm is also selling its 20% stake in FirstCape and restructuring its core business under a majority employee-owned model. A planned capital raising would lift staff ownership from 25% to 70%, while Jarden will buy out former employees at $19.60 a share.