Nomura Announces Final Closing of the Nomura European Mezzanine Fund I at €175 Million of Equity Commitments
London 24 May, 2007 – Nomura announces the final close of its first mezzanine fund. The Nomura European Mezzanine Fund l (NEMFl) closes with limited partner commitments of €175 million, which includes a 25% commitment from Nomura. It will also use a senior debt facility to lever the fund, resulting in a total fund capacity of €350 million.
NEMFI was set up and is being advised by Nomura Investment Adviser (NIA). NIA is a new Nomura alternative investment management business which will set up and advise funds with capital from Nomura and third party investors. Nomura will invest in these funds through NFF LP Inc., a Nomura fund of funds vehicle which is also advised by NIA.
As regards NEMFI, this fund is a dedicated provider of mezzanine and other subordinated capital, and will focus on European leveraged finance and growth capital transactions. The fund held only one closing at which time a €157 million portfolio of investments that had been warehoused by Nomura was transferred to the fund.
A team of 9 investment professionals from NIA will act as advisers to the fund. Santiago Corral and Iain McCarthy, principals of NEMFl, will lead the team, and continue to monitor all the investments in the initial portfolio, as well as invest in both mid-market and large syndicated transactions going forward.
Santiago Corral said, "The level of interest and enthusiasm from investors has been very positive. We are very excited about the fund's prospects and look forward to continuing to build upon our successful track record. NIA will work with banks and financial sponsors and continue to be a competitive and accessible provider of subordinated capital across Europe."
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For further information please contact:
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| Nerys Williams Corporate Communications |
Nomura International plc | +44 (0) 20 7521 2480 |
Notes to editors:
About Nomura European Mezzanine Fund I
Nomura European Mezzanine Fund I LP is operated by its general partner, Nomura European Mezzanine Fund I GP limited, a Jersey registered company. The Fund owns EMF Luxembourg SA which is the entity holding the portfolio of investments. The first investment in the portfolio transferred to the Fund was made in November 2005 and in total 9 assets were warehoused and subsequently transferred to the Fund.
The Nomura Group
Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, over 150 branches in Japan, and an international network in 30 countries; with regional headquarters in Hong Kong, London, and New York. The Group's business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services, merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com.
