Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Japan's Mizuho to acquire U.S. private equity agent Capstone, source says

Stock MarketsJan 11, 2022 01:15AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: A man passes a logo of Mizuho Financial Group outside Mizuho Bank headquarters in Tokyo May 18, 2011. REUTERS/Yuriko Nakao/File Photo 2/2

TOKYO (Reuters) - Mizuho Financial Group plans to acquire U.S. private equity placement agent Capstone Partners, a person familiar with the matter said, as the Japanese lender looks to beef up its investment banking business.

Dallas, Texas-based Capstone helps private equity firms find limited partners to invest in their funds, helping raise capital for global private equity, credit, and infrastructure firms.

Following the acquisition, Capstone will come under Mizuho's holding company in the United States, where it is expected to help build out the Japanese bank's investment banking business, the person said, declining to be identified because the information has not been made public.

Mizuho does not plan to disclose the cost of the acquisition, the person added.

No one was immediately available for comment at Capstone's Dallas office outside normal working hours.

Mizuho, which has struggled at home to overcome a long-running series of system errors, is set to appoint senior executive officer Masahiro Kihara as its next chief executive to tackle the issue.

The Capstone purchase is in line with efforts by Japan's biggest banks to acquire more businesses overseas, particularly in faster-growing markets.

Of the three megabanks, Mizuho has, however, been slower to move than bigger rivals Mitsubishi UFJ (NYSE:MUFG) Financial Group and Sumitomo Mitsui (NYSE:SMFG) Financial Group.

The news was earlier reported by the Nikkei business daily.

Japan's Mizuho to acquire U.S. private equity agent Capstone, source says
 

Related Articles

Caterpillar sales soar, warns of margin pressure
Caterpillar sales soar, warns of margin pressure By Reuters - Jan 28, 2022 1

By Bianca Flowers and Uday Sampath Kumar (Reuters) -Caterpillar Inc topped Wall Street estimates with a fourth quarter revenue increase of more than 20 percent, but the...

VF Corporation Falls, Despite Earnings, Revenue Beat
VF Corporation Falls, Despite Earnings, Revenue Beat By Investing.com - Jan 28, 2022

By Sam Boughedda Investing.com — Shares of apparel and footwear company VF Corporation (NYSE:VFC) hit lows of $62.12 Friday despite reporting a top and bottom-line beat in...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email