Mizuho Securities to buy UK renewables M&A advisory firm
KODAI MIHARA
TOKYO -- Mizuho Securities will acquire U.K. mergers and acquisitions adviser Augusta & Co. as part of a bid to expand its foothold in Europe and diversify revenue sources.
Mizuho hopes to draw on Augusta's expertise in renewable-energy-related deals along with the Japanese group's own network of customers to take on some of the growing European M&A demand in that field.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
an hour ago
- Nikkei Asia
Bankrupt Japan chipmaker JS Foundry stumbled by misjudging market, China
JS Foundry's four-decade-old plant was meant to be revitalized and become a model for other old chip factories. (Photo obtained by Nikkei) RYO MUKANO TOKYO -- Miscalculations over sales, market conditions and Chinese rivals paved the way for the July 14 bankruptcy filing by JS Foundry, a government-backed contract manufacturer once positioned as a model for aging Japanese semiconductor plants. The writing was on the wall in late June, when some employees at the company's sole plant -- in central Japan's Niigata prefecture -- reported that their pay had not been deposited.
Nikkei Asia
an hour ago
- Nikkei Asia
Kubota targets Europe's infrastructure projects with expanded lineup
Kubota introduced compact track loaders in European markets in June. (Photo obtained by Nikkei) TAKUMI TAMURA OSAKA -- Japanese heavy machinery maker Kubota will expand its lineup of construction equipment in Europe, eyeing the hundreds of billions of dollars in planned infrastructure investment in Germany and the U.K. while tariff uncertainty hangs over the key North American market. Revenue from Kubota's construction machinery business reached 647.6 billion yen ($4.42 billion) last year, more than double the figure five years earlier. One driver has been compact track loaders (CTLs), used to move earth and level land. Kubota ranks second in the global market with a roughly 20% share, despite entering the field relatively recently in 2010.
Nikkei Asia
4 hours ago
- Nikkei Asia
India's Tata Motors to buy core truck business of Italy's Iveco
MILAN/ROME (Reuters) -- India's Tata Motors will buy Iveco in a deal valued at 3.8 billion euros ($4.36 billion), the companies said on Wednesday, after the Italian truckmaker separately agreed to sell its defense business to Leonardo. Tata will launch an all-cash tender offer on Iveco's shares, subject to the defense business sale, at 14.1 euros per share. Exor, the investment company of Italy's Agnelli family, has agreed to hand its 27% controlling stake in Iveco to Tata. "The offer would bring together two businesses with highly complementary product portfolios and capabilities and with substantially no overlap in their industrial and geographic footprints," Tata and Iveco said. The combined group would have a significant global presence, with sales of over 540,000 units per year and revenues of around 22 billion euros. The Indian manufacturer controls Jaguar Land Rover in the passenger car sector, but has virtually no presence, nor manufacturing footprint, in the European commercial vehicle industry. Separately Italian state-backed group Leonardo has agreed to buy Iveco's IDV defense unit, giving the business an enterprise value of 1.7 billion euros, the two companies said on Wednesday. The sale of the defense business cleared the way for Tata's takeover bid for the rest of Iveco. The defense transaction is expected to be completed in the first quarter of 2026, subject to regulatory approvals, Iveco and Leonardo said in separate statements. The transaction will be financed through available cash resources, Leonardo said. It told analysts that Germany's Rheinmetall would acquire the defense trucks part of the Iveco operation in the coming months. The deal is in line with Leonardo's broader strategy of consolidation in the defense sector and will allow the defense group to address the increasing demand in Europe for land vehicles. Iveco said that, once the IDV deal is completed, it planned to distribute its net proceeds to shareholders via an extraordinary dividend.
