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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.   © Reuters

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.

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