Terra Firma‘s planned ABS-style Payment-In-Kind bond may be easier to sell to investors than some market experts anticipate due to stricter rules on cash payouts to equity investors, writes Reuters/IFR. Guy Hands’ Terra Firma buyout group this week agreed to buy Annington Homes from Nomura in a deal worth 3.2 billion pounds ($5.1 billion), which will be financed by 1 billion pounds of new equity, debt financing in the form of the PIK, and the assumption of existing securitised debt of 2.2 billion pounds.
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Nomura has started talks to sell domestic businesses including its real estate arm, the Financial Times reported, writes Reuters. Nomura is considering the sale of Nomura Real Estate Holdings and its consulting arm, Nomura Research Institute, the newspaper said on Tuesday, and is in preliminary talks with private equity buyers, writes Reuters. (Reuters) – Nomura [...]
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(Reuters) – Nomura Holdings is set to buy a China unit of GE Capital, in a deal allowing Japan’s largest brokerage to expand deeper into the Chinese financial market. While Nomura has had a presence in China for around three decades, the purchase of the GE unit would put the Japanese bank in a stronger [...]
Private equity firm Bain Capital is in final talks to buy Japanese restaurant chain Skylark Co. from Nomura Holdings Inc., Reuters reported. The deal was estimated at 280 billion yen ($3.4 billion), including debt. Nomura Principal Finance – Nomura’s buyout unit –invested in Skylark in 2006 through a management buyout with UK-based private equity firm CVC Capital Partners. It currently holds a 77.8% stake in the restaurant chain along with other investors, Reuters wrote.
Apax Partners announced that it has agreed to acquire Telgte, Germany-based Takko Fashion, a value fashion company. Nomura, Unicredit, Lazard and Ferber & Co. worked for Apax as advisors and Bain Consulting, PwC and Linklaters provided due diligence support to the investor. Other Apax fashion investments include Tommy Hilfiger, Phillips-Van Heusen/ Calvin Klein, rue21, inc., New [...]
HONG KONG (Reuters) – Nomura Holdings (8604.T) is in talks to join private equity firm MBK Partners in its pursuit of the $3.5 billion Korea Exchange Bank (004940.KS) stake up for sale, sources with direct knowledge of the matter told Reuters on Monday. Sources said the discussions were in their early stages and no decision [...]
Heather Wingate has joined Nomura Holding America to lead the company’s government affairs efforts in the U.S. She also will open a Washington, D.C. office. Wingate previously was head of federal governmental affairs for Citigroup.
(Reuters) Deutsche Bank AG’s (DBKGn.DE) Mark Epley, who helmed a team that caters to private equity firms, is leaving the company to join Nomura Holdings Inc (9716.T), Bloomberg said, citing a person with knowledge of Epley’s plans. Epley, who joined Deutsche Bank in 2001, will be the co-head of Nomura’s unit that advises on merger [...]
HONG KONG (Reuters) – Nomura Holdings (8604.T) on Monday said that its investment banking head for Asia (excluding Japan) will leave to take on the same role for the Americas. Nomura appointed Glenn Schiffman as head of investment banking for the Americas effective Feb. 1, according to an internal memo obtained by Reuters. The memo [...]