Nomura, a Japanese financial services group with a strong India presence, is acquiring Tricorn Partners LLP, a London-based corporate finance advisory firm for an undisclosed sum. The acquisition will add further impetus to Nomura's momentum in the region and will complement its existing UK investment banking business, said the company in a statement.
The acquisition further adds to Nomura’s staff in Europe. Post this development, Tricorn founders Guy Dawson and Justin Dowley will join the board as vice chairmen of Nomura’s European investment banking. The other Tricorn people joining Nomura board include Michael Pescod as advisor, Andrew McNaught as managing director, apart from a list of nine other executives. Nomura currently has over 4,500 employees in the region.
Earlier in October 2008, it had acquired the European and Middle East business of Lehman Brothers Holdings Inc.
“The acquisition will enhance the strategic advice offered to major UK and international corporates, and allow Tricorn's clients access to Nomura unrivalled Asian geographic reach,” added the statement.
Nomura was corporate broker to eight UK companies including top shots like Invensys, Legal & General, The London Stock Exchange and Tesco. In India, Nomura is based out of Mumbai.
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