M&A Boutiques Find Latest Potential Buyer With Top Japan Broker
- Daiwa plans to add 250 people in dealmaking over eight years
- Firm says ‘top priority’ is to strengthen business in US
The Daiwa Securities headquarters in Tokyo.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Boutique merger and acquisition firms have just found another potential buyer.
After a dealmaking slowdown led to a slew of sales of firms like Greenhill & Co., now Japan’s second-biggest brokerage has entered the fray, as it joins rivals in betting on an eventual rebound in transactions while seeking to boost its presence in the US.