Japanese brokerage and investment bank Nomura has announced plans to create a new business division that will offer private equity solution to its clients.
The move marks the return of Nomura to the private equity market, which it exited in 2014.
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The new business division will offer equity to clients as a solution for business reorganisations and revitalisations, business succession as well as management buyouts.
Nomura will initially invest around JPY100bn ($893m) in the new business. It has not yet set any specific investment targets for the new venture, the company said.
A Merchant Banking Preparation Office will be set up on 1 December 2017, which will be responsible for sourcing deals and finalizing the new venture’s details.
Nomura will launch a new fund through which it will make equity and other investments.
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