Japanese brokerage Nomura has agreed to Greentech Capital Advisors, a US-based investment banking firm focusing on sustainable technology and infrastructure.
The deal would enable Greentech to access Asian markets. The firm, established in 2009, already has operations in New York, San Francisco, and Zurich.
Upon deal completion at the end of next March, Greentech will join Nomura’s Americas Investment Banking franchise and adopt the name Nomura Greentech.
Nomura head of wholesale division Steve Ashley said: “Nomura Greentech reinforces our commitment to developing our Sustainable Finance capabilities, with growing societal needs for solutions to environmental challenges and increasing demand from our clients for sustainable products.
“Greentech’s capabilities will allow us to respond better to diverse client needs with stronger ESG-related primary and advisory services.”
The deal awaits regulatory approval. Financial terms of the deal were not disclosed.
Greentech founder and managing partner Jeff McDermott said: “By partnering with Nomura, we remain committed to helping our global clients accelerate their growth and profitability, while simultaneously offering them a full suite of product capabilities across geographies in order to address their needs better.”
Nomura has executed several deals recently. Earlier this year, the firm invested in AIM², a provider of fintech solutions powered by artificial intelligence (AI).
In September last year, Nomura picked a 40% stake in Julius Baer Wealth Management (JBWM), a Julius Baer subsidiary catering to HNW clients in Japan.