Industry News
Boutique Banks Find a Niche in Tech
May 2008
From BusinessWeek
A new breed of boutique investment bank is making its mark on the merger-crazed tech industry. Unlike the niche securities firms that a decade ago focused on research, stock sales, and initial public offerings in addition to mergers and acquisitions, this crop focuses more narrowly on matchmaking but is no less adept at getting in on some of tech's most lucrative deals.
Asia market round up: Best in Japan 2007
February 2008
From Euromoney
Falling share prices in the banking sector especially interfered with several high-profile merger plans, and shareholders in bank stocks and owners of securitisations all waited nervously to see if their assets would be hit by fallout from the US subprime loans problem. Nonetheless, there were many reasons for market participants to be cheerful as overall volumes of announced M&A and DCM activity increased, and some pioneering Japanese firms consolidated domestically or sought to expand overseas. Euromoney’s inaugural Japan deals of the year highlights the year’s outstanding deals, chosen because they were well-executed, because they were especially bold or unusual in concept, and because they exemplify expected trends in capital markets in the near future.
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Deals of the year 2007: GCA reaches out to buy US peer
February 2008
From Euromoney
In a year of troubled big bank mergers in Japan, the announcement of one small M&A boutique’s acquisition of a US peer attracted little attention. The deal hasn’t been completed yet. It is worth comparatively little: $780 million in a year of multi-billion dollar transactions. It involves an M&A-only company that came into existence just three years ago. So why should anyone care?
It’s because this upstart boutique had an extraordinarily successful 2007 by any standards, because it won mandates on the year’s two biggest deals and jumped from 20th to third in the league tables, and because its bold plan to merge with a US bank shows the ambition, dynamic leadership and drive to succeed overseas often said to be lacking at larger Japanese securities firms.
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Japan Merger Advisor GCA to Buy U.S. Bank Savvian
November 2007
From Bloomberg.com
Nov. 1 (Bloomberg) -- GCA Holdings Corp., the second-ranked adviser on Japanese mergers this year, will acquire U.S. investment bank Savvian LLC for about 90 billion yen ($780 million) to expand into international advisory work
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