ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business Deals

Daiwa to forge partnership with Thai M&A adviser

Aura Capital Thai part of Japanese broker's bid to widen Asian footprint

Daiwa Securities looks to further expand its Asian presence through the partnership with Aura Capital Thai.   © AP

TOKYO -- Daiwa Securities Group will team up with a Bangkok-based corporate advisory firm to support Thai companies pursuing fundraising or mergers and acquisitions abroad, part of a plan to expand its Asian presence.

The Japanese brokerage will sign a memorandum of understanding on Friday with Aura Capital Thai. The company is the local arm of Singapore-based financial services group Aura Capital and has a solid client base in the region.

Thai companies have been engaging in more cross-border M&A transactions in recent years. Aura Capital Thai hopes that working with Daiwa will lead to more deals involving Japanese businesses.

Daiwa is positioning the Asian region as a central pillar of its overseas strategy and has been building up its presence in the region through tie-ups with and investments in local financial institutions in such countries as India, Malaysia and Vietnam. The company signed a memorandum of understanding last month to set up a 51-49 joint venture with Beijing State -owned Capital Operation and Management Center.

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

{{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

Stay ahead with our exclusives on Asia; the most dynamic market in the world.

Benefit from in-depth journalism from trusted experts within Asia itself.

Try 3 months for $9

Offer ends September 30th

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media