Investment Banking

We provide a variety of advisory and capital-raising solutions to corporations, financial institutions, private equity, governments and public-sector organizations around the world. Collaborating across geographies, industries and products, we provide comprehensive and innovative financing, advisory and risk solutions to our clients.

Our Products

Mergers & Acquisitions

Mergers & Acquisitions

We act as a financial advisor to identify and facilitate strategic merger and acquisition, sale of business or alliance opportunities for our corporate, financial institutions and sponsor clients. Our dedicated M&A teams in Asia, EMEA and the Americas work across borders and time zones to deliver holistic support to our clients globally.

Capital Raising

Capital Raising

In Equity Capital Markets, we originate and execute equity and equity-linked transactions, including IPOs, rights issues, accelerated bookbuilds and convertibles.

Our Debt Capital Markets team helps clients execute local and foreign-currency debt transactions with specialized teams servicing financial institutions, corporates, public sector agencies and sovereigns.

In Acquisition and Leveraged Finance, we arrange financing for leveraged buyouts and corporate acquisitions along with on-going refinancing needs using a variety of debt products.

Solutions

Solutions

An integral part of Investment Banking, our Solutions teams apply a broad range of Fixed Income solutions, Equity related solutions and Insurance solutions to address the various risks faced by clients.

We are also dedicated to understanding the capital and risk management needs of insurance companies and developing cutting-edge Insurance Solutions to help them respond to these challenges. These include securitization products, structured reinsurance and derivative hedging solutions for complex insurance-specific asset and liability risks.

Sectors

Consumer / Wealth Management

Consumer / Wealth Management

Industrials

Industrials

Healthcare

Healthcare

Natural Resources & Power

Natural Resources
& Power

Telco / Media / Technology

Telco / Media /
Technology

Financial Institutions

Financial Institutions

Real Estate / Gaming / Lodging / Leisure

Real Estate / Gaming /
Lodging / Leisure

Financial Sponsors

Connecting Markets

  • M&A

    Kirin Holdings’ tender offer to make FANCL a wholly-owned subsidiary

    JPY198.3bn

    June 2024

  • ECM

    KOKUSAI ELECTRIC
    Global Follow-on Offering

    JPY276.4bn

    July 2024

  • DCM

    Sekisui House
    Subordinated Bond

    JPY200bn

    July 2024

  • Acquisition & Leveraged Finance

    Applied Systems (US)
    Refinancing

    $2.4bn

    July 2024

  • M&A

    Acquisition of Britvic (UK) by Carlsberg UK Holdings (UK) of Carlsberg (Denmark)

    £4.0bn

    August 2024

  • ECM

    Tokyo Metro
    Global Initial Public Offering

    JPY348.6bn

    October 2024

  • ECM

    Afcons Infrastructure (India)
    Initial Public Offering

    INR54.3bn

    October 2024

  • Acquisition & Leveraged Finance

    LBO financing related to the acquisition of Trader (Canada) by AutoScout24 (Germany), a portfolio of Hellman & Friedman (US)

    €2.5bn

    October 2024

  • Acquisition & Leveraged Finance

    LBO financing related to the acquisition of Therakos (US) by CVC Capital Partners (US)

    $670m

    October 2024

  • ECM

    Kansai Electric Power
    Follow-on Offering

    JPY397.2bn

    November 2024

  • M&A

    Sale of VSB Group (Germany) from Partners Group (Switzerland) to TotalEnergies (France)

    €1.6bn

    December 2024

  • M&A

    Heiwa’s acquisition of Accordia Golf of PJC Investments from Fortress Investment Group (US)

    JPY510bn

    December 2024

  • Equity Advisory

    Elyse Energy (France)
    Equity Private Placement

    €120m

    December 2024

  • ECM

    Kioxia Holdings
    Global Initial Public Offering

    JPY120.4bn

    December 2024

Awards & Recognition

House of the Year

House of the Year

LSEG DEALWATCH AWARDS 2023 House of the Year

Bank of the Year 2024 Japan

Bank of the Year 2024 Japan

The Banker Bank of the Year Awards 2024

Most Impressive FIG House

Most Impressive FIG House
In Non-Core Currencies

GlobalCapital Global Capital Bond Awards 2024

League Table

Japan M&A
  Financial Advisor Deal Value
($m)
Share
(%)
# Deals
1 Morgan Stanley 115,040 50.2 78
2 Nomura 97,395 42.5 115
3 Goldman Sachs & Co 80,884 35.3 23
4 JP Morgan 33,690 14.7 16
5 Sumitomo Mitsui Finl Grp Inc 25,487 11.1 123

Source: LSEG (2024/1/1 - 2024/12/31)

Japan ECM
  Bookrunner Deal Value
($m)
Share
(%)
# Issues
1 Nomura 9,141 30.9 44
2 Sumitomo Mitsui Finl Grp Inc 4,353 14.7 45
3 Morgan Stanley 4,006 13.5 25
4 Mizuho Financial Group 3,914 13.2 32
5 Goldman Sachs & Co 2,703 9.1 9

Source: LSEG (2024/4/1 - 2024/12/31)

Japan IPO
  Bookrunner Deal Value
($m)
Share
(%)
# Issues
1 Nomura 1,225 21.9 12
2 Morgan Stanley 1,188 21.3 10
3 Mizuho Financial Group 872 15.6 12
4 Goldman Sachs & Co 640 11.5 2
5 Daiwa Securities Group Inc 604 10.8 14

Source: LSEG (2024/4/1 - 2024/12/31)