Japanese investment bank GCA Savvian has agreed to merge with Altium, a UK-based mid-market financial advisory group, to create an independent global investment bank.
Under the terms of the agreement, Altium will merge 100% of its shares into GCA. The new company will operate as GCA Altium in Europe and GCA in the United States and Asia.
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GCA will become the 7th largest listed M&A advisory firm in the world following the completion of the deal, with approximately $200m in advisory revenues and nearly 370 staff.
The company will have offices in 14 locations in 10 countries around the globe.
GCA Savvian representative director Aki Watanabe said: "By bringing together these two established companies, we are creating a new global leader in our field. This combination will increase the scale and geographic reach of the firm – positioning GCA as the pre-eminent global investment bank focused on growth companies with a particular strength in technology."
The deal, already approved by the companies’ boards of directors, is anticipated to be concluded in the second half of 2016 following regulatory approval.
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