Japan's Daiwa Securities has entered into definitive merger agreements to acquire both Sagent Advisors and Signal Hill Holdings.
The deal will strengthen Daiwa’s global advisory business by combining operations to form a new North American-focused M&A advisory firm to be called «DCS Advisory» the company said in a press release on its website.
With these transactions, Daiwa will have established merger and acquisition advisory services in Japan, Europe and the U.S.
Signal Hill Holdings has six branches across the U.S., including in New York and San Francisco, and also has a joint venture in India. The two American companies together will have more than 100 employees.
Following the purchase, Daiwa's global M&A advisory business will have more than $200 million in advisory revenue and over 200 senior bankers across 25 countries.
