Daiwa Securities SMBC launches European independent corporate advisory platform with the acquisition of Close Brothers Corporate Finance
For more details, please contact:
Paul Lyon, Business Communication
Daiwa Capital Markets Europe Limited
5 King William Street, London, EC4N 7AX
+44 (0)20 7597 8109
For up to date Fixed Income Research analysis, see our blog site here.
18 May 2009
Daiwa Securities SMBC Europe Limited (Daiwa SMBC Europe), the European subsidiary of leading Japanese investment bank Daiwa Securities SMBC Co. Ltd. (Daiwa SMBC), is acquiring Close Brothers Corporate Finance Holdings Limited (Close Brothers Corporate Finance) from Close Brothers Group plc for a cash consideration of £75 million. The acquisition is part of Daiwa SMBC’s strategy to build a global independent corporate advisory business. The acquisition is subject to regulatory approval.
Close Brothers Corporate Finance, one of Europe’s leading advisers with operations in the UK, France, Spain, Germany and Switzerland, will be a stand alone business working in alliance with Daiwa SMBC’s other international corporate finance operations and will continue to provide independent corporate finance advice. Close Brothers Corporate Finance will continue to trade under its existing name for up to twelve months.
For further details, please see here.
Note to editors:
Daiwa Capital Markets Europe Limited is a wholly owned subsidiary of Daiwa Securities Capital Markets Co Ltd, the investment banking arm of Daiwa Securities Group.
Daiwa Capital Markets Europe Limited offers a wide range of services from its main business areas:
• Equity
• Fixed Income
• Derivatives
• Debt & Equity Capital Markets
Corporate Finance and M&A advisory services are provided in Europe by our subsidiary, Close Brothers Corporate Finance