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Daiwa Securities Group Expands Investment Banking Operations

Created at 22 Jul · 9:56 PM1 source↑ Market-relevant
IN SHORT

Daiwa Securities Group is undergoing a transformation to become a pan-Asian investment banking presence with a European footprint. The firm acquired Close Brothers Corporate Finance for £75 million, adding 30 senior dealmakers and 240 bankers across Europe.

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Key Numbers

£75 millionacquisition cost for Close Brothers Corporate Finance
$122.3 millionacquisition cost in USD
£8 millionworking capital included in the deal
30senior dealmakers added in London
240bankers across Europe added

Who's Involved

Daiwa Securities Group
Japanese financial institution undergoing transformation
Close Brothers Corporate Finance
Corporate finance arm acquired by Daiwa
Daiwa Securities Group Expands Investment Banking Operations

↳ Why This Matters

Daiwa's acquisition of Close Brothers Corporate Finance signifies a strategic push to broaden its international reach and compete more effectively in the global investment banking landscape, moving beyond its traditional Japanese focus.

Key facts

  • Daiwa Securities Group is expanding its investment banking business.
  • The company acquired Close Brothers Corporate Finance for £75 million.
  • The acquisition adds 240 bankers across Europe to Daiwa's operations.
  • This move signals a shift towards a pan-Asian and European presence.

    • Daiwa Securities Group, Japan's second-largest broker, is actively transforming its business to expand its investment banking presence across Asia and Europe. This strategic shift includes the recent acquisition of Close Brothers Corporate Finance (CBCF) for £75 million ($122.3 million), which brought with it £8 million in working capital. The deal integrates 30 senior dealmakers from CBCF's London office and an additional 240 bankers across Europe into Daiwa's operations. This move is part of a broader trend of Japanese financial institutions increasing their international ambitions, following similar strategic investments by firms like Sumitomo Mitsui and Mitsubishi UFJ.

    Frequently asked questions

    Daiwa Securities Group acquired Close Brothers Corporate Finance for £75 million, which is equivalent to $122.3 million, and included £8 million in working capital.

    The acquisition brought 30 senior dealmakers in London and a total of 240 bankers across Europe into Daiwa's operations.

    Daiwa aims to transform from a predominantly Japanese securities house into a pan-Asian investment banking presence with a significant European footprint.

    What Happens Next

    01Daiwa Securities Group continues to build its pan-Asian and European investment banking presence.

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    Cadence

    How It Developed

    Daiwa Securities Group is transforming its business model.
    The firm aims to establish a pan-Asian investment banking presence with a European footprint.
    Daiwa acquired Close Brothers Corporate Finance for £75 million.
    The acquisition included £8 million in working capital.
    The deal brought 30 senior dealmakers and 240 bankers into Daiwa's European operations.

    Sources

    T1
    Daiwa AM Boosts Staff in Shift Toward Institutional InvestorsBloomberg
    T2
    Daiwa's Masami Tada on the investment bank's big pushthebanker.com

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