Enhanced Business and Capital Alliance between Moelis & Company, Sumitomo Mitsui Banking Corporation, and SMBC Nikko Securities Inc.(1/1)
Moelis & Company
Sumitomo Mitsui Banking Corporation
SMBC Nikko Securities Inc.
Business and Capital
Sumitomo Mitsui Banking Corporation, and SMBC Nikko Securities Inc.
NEW YORK, January 17, and TOKYO, January 18, 2012 --- Moelis & Company (CEO: Ken Moelis), Sumitomo Mitsui Banking Corporation (“SMBC” hereunder, President & CEO: Takeshi Kunibe), and SMBC Nikko Securities Inc. (“SMBC Nikko” hereunder, President & CEO: Eiji Watanabe), a wholly-owned subsidiary of SMBC, announced today that they have signed an agreement (the “Strategic Alliance Agreement”) to strengthen their existing business alliance and for SMBC to invest approximately USD93 million in Moelis & Company. Under the terms of the Strategic Alliance Agreement, Moelis & Company, SMBC and SMBC Nikko (the “Firms”) will enhance the successful alliance they initially formed in March 2011 focused on providing cross-border M&A and other advisory services to Japanese companies. The new alliance will remain non-exclusive and the Firms expect to complete the investment in mid-February, subject to certain procedures including respective regulatory processes.
Since establishing their alliance in March
2011, the Firms have formed a strong partnership and provided connectivity to
one another and to clients across North America, Europe, the Middle East,
＜About Moelis & Company＞
Moelis & Company, recently named Most Innovative Boutique of the
Year by The Banker for 2011 and in 2010 and Best Global Independent Investment
Bank by Euromoney in 2010, is a global investment bank that provides financial
advisory, capital raising and asset management services to a broad client base
including corporations, institutions and governments. With more than 580 employees, Moelis
& Company serves its clients through offices in
＜About Sumitomo Mitsui Banking Corporation＞
Sumitomo Mitsui Banking Corporation (SMBC), the core member of
Sumitomo Mitsui Financial Group (SMFG), is one of the world’s largest
commercial banks with \128 trillion in consolidated total assets as of September
30, 2011. As one of the three
largest banking groups in
SMBC acquired SMBC Nikko Securities, formerly Nikko Cordial Securities, in 2009, and they have been working closely together to deliver sophisticated financial products and services to accommodate the growing and diversifying needs of their clients.
＜About SMBC Nikko Securities Inc.＞
SMBC Nikko Securities Inc., one of the largest full-service
securities and investment banking firms in