Japanese financial group Nomura announced its return in the private equity space, after it closed its private equity unit in 2014, with the launch of a new business to extend the range of its clients services.
It is understood that Nomura will primarily provide equity to clients as a solution for business reorganizations and revitalisations, business succession as well as management buyouts.
On 1 December 2017, the Japanese company will establish the Merchant Banking Preparation Office, which will be responsible for sourcing deals and working out the details of the new business. A fund will be set up through which investments will be made.
Nomura plans to make an initial investment of around ¥100bn (€754.4m) in the new business. It specified that it has not yet identified any specific investment targets and said the impact of this business on Nomura’s consolidated results for the fiscal year ending March 2018 will be minimal.