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Nomura returns to private equity, seeking stable income

It plans to initially invest about 100 billion yen in new business, but has yet to identify any specific investment targets

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Published Wed, Nov 29, 2017 · 09:50 PM

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    Tokyo

    NOMURA Holdings Inc is returning to private equity - a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans.

    Japan's biggest brokerage and investment bank on Wednesday said in a statement it would initially invest about 100 billion yen (S$1.21 billion) in the new business.

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