Nomura is aiming for a more sustainable Wall Street role with its purchase of renewable-energy boutique Greentech Capital, writes AntonyMCurrie.
Nomura on Dec. 11 said it has agreed to buy Greentech Capital Advisors, a U.S. M&A boutique specializing in renewable energy, sustainable technology and infrastructure. Terms of the deal were not disclosed, but the Nikkei Asian Review had earlier reported the Nomura might pay 10 billion yen for Greentech.
Greentech was founded by former UBS investment-banking boss Jeffrey McDermott in 2009 and currently has 75 financial professionals in New York, San Francisco and Zurich. Once the deal closes the firm will be rebranded Nomura Greentech.
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