Nomura, the Japanese-headquartered global investment bank, is opening an office in Cape Town to offer mergers and acquisition advisory services and transaction financing services to both multinational and domestic companies. The new office will be led by Jan Newman, one of the co-founders of Newman Lowther & Associates, an advisory business with which Nomura had an exclusive cross-border M&A partnership for deals into and out of South Africa.
Fellow co-founder Ben Lowther is also joining Nomura has the co-head of investment banking for South Africa, as are other team members from Newman Lowther, helping the bank maintain the strong local knowledge that have helped it win some high-profile deal mandates since it formed its partnership with Newman Lowther in 2008. These include advising and financing private equity firm Brait on its acquisition of UK fashion retailer, New Look, in 2015, acting as financial adviser to Coca-Cola Sabco on the proposed creation of Coca-Cola Beverages Africa in 2014 as well as advising Japan-based Kansai Paint on its acquisition of Freeworld Coatings in 2011.
“Over recent years, we have witnessed a strong flow of cross-border M&A activity, with a diverse mix of South African clients looking to build up their international exposure, and international clients considering new and increased investment in the region,’ said Jan Newman in the statement announcing the new branch. “With Nomura’s established reputation, brand and global connectivity, Ben and I see our joining Nomura as a natural evolution of our successful historic partnership with Nomura.”
The office officially opens on April 4th.