GCA Savvian to Boost U.K., U.S. Advisory Staff for Cross-Border Takeovers
GCA Savvian Group Co., Japan’s biggest standalone takeover advisory firm, plans to increase hiring in the U.K. and U.S. to win more cross-border deals.
Advisors in its London office may rise to as many as 40 in two years from three, Representative Director Akihiro Watanabe said in an interview at its Tokyo headquarters yesterday. Advisors in the U.S. could rise to as many as 120 from 67 currently, he said, without specifying a time frame.
GCA Savvian this year advised Innovation Interactive LLC, a New York-based digital marketing company, on its sale to Japan’s Dentsu Inc., and East Japan Railway Co. on its takeover of Kinokuniya Group’s supermarket chain.
The company, formed by GCA Holdings Corp.’s acquisition of San Francisco-based Savvian LLC in 2007, forecasts net income of 100 million yen ($1.07 million) in the year ending December, after posting a loss of 467 million yen last year.