Japanese brokerage and investment bank Nomura has announced plans to create a new business division that will offer private equity solution to its clients.
The move marks the return of Nomura to the private equity market, which it exited in 2014.
The new business division will offer equity to clients as a solution for business reorganisations and revitalisations, business succession as well as management buyouts.
Nomura will initially invest around JPY100bn ($893m) in the new business. It has not yet set any specific investment targets for the new venture, the company said.
A Merchant Banking Preparation Office will be set up on 1 December 2017, which will be responsible for sourcing deals and finalizing the new venture’s details.
Nomura will launch a new fund through which it will make equity and other investments.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData