Nomura to acquire Tricorn
London, December 16, 2009 – Nomura, the global investment bank, today announced that it is acquiring Tricorn Partners LLP, the London based corporate finance advisory firm.
The acquisition will add further impetus to Nomura's momentum in the region and will complement Nomura's existing UK investment banking business, enhancing the strategic advice offered to major UK and international corporates and allowing Tricorn's clients access to the full range of Nomura's capabilities and unrivalled Asian geographic reach.
The highly experienced team is led by Guy Dawson and Justin Dowley, founding partners of Tricorn, who will be joining as Vice Chairmen of Nomura EMEA Investment Banking. Michael Pescod, founding partner, will be an Advisor. Andrew McNaught will join as a Managing Director in M&A. Tricorn's executives: Mike Schmidt, Oliver Tucker, Sam Roberts, Nick Carter, Charlie Macnicol, Ben Amure, John Cheshire, Ross Macdonald and Laura Wathen will also be joining the firm.
Since the acquisition of the Lehman Brothers European and Middle East businesses in October 2008, Nomura now has 4500 employees in the region and has made tremendous progress in its debt and equity businesses and, in particular, for the last five months been the number one trader on the London Stock Exchange.
Nomura is corporate broker to eight UK companies including FTSE 100 constituents: Invensys, Legal & General, The London Stock Exchange and Tesco. During the course of 2009, Nomura has acted as advisor to Anglo American, Brixton, HMV and Stagecoach and acted as financial advisor and finance provider to Charterhouse in its acquisition of Wood Mackenzie.
William Vereker Head of Investment Banking for EMEA said: "The acquisition of Tricorn reinforces our commitment to building a leading UK investment banking business. Guy and Justin bring a huge amount of experience and have an excellent track record in the UK. In combination with our existing strong platform we will be even better placed to deliver outstanding service to our clients."
William Barter Head of UK Investment Banking said: "I am delighted to be welcoming Guy, Justin and Andrew as partners to work alongside Nick Wiles, myself and our UK team. I look forward to working closely with them to significantly enhance Nomura's UK footprint."
Guy Dawson said: "We are delighted to be joining Nomura, which will enable us to continue to give the high level of personal service to our clients for which Tricorn is known, while bringing them strong financing capabilities and global expertise particularly in the key markets in Asia".
Guy Dawson's career has included the role of Co-Head and subsequently Chairman of European Investment Banking at Merrill Lynch after 19 years at Morgan Grenfell, latterly as head of Investment Banking for Deutsche Morgan Grenfell.
Justin Dowley was previously head of M&A and Co-Head of European Investment Banking at Merrill Lynch and prior to that spent 15 years at Morgan Grenfell, latterly as head of UK Investment Banking.
Andrew McNaught joined Tricorn in April 2003, having spent 12 years at Lazard, latterly as a managing director.
William Barter joined Nomura in July 2009, having previously been a managing director in Citigroup's UK Investment Banking team.
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Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: retail, global markets, investment banking, merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.