Japan's Daiwa Securities buys Irish M&A advisory IBI

Group widens international consulting business with newest deal

Daiwa Securities Group is expanding its global M&A advisory presence, targeting earnings of $467 million by the end of the decade. © Reuters

MASAYUKI SHIKATA, Nikkei staff writer

November 7, 2023 04:05 JST

TOKYO -- Japan's Daiwa Securities Group purchased Dublin-based mergers and acquisitions consultancy IBI Corporate Finance, Nikkei has learned, expanding its international presence.

Daiwa converted IBI into a fully owned subsidiary this month. The purchase price has not been disclosed, but it is estimated to more than 10 million euros ($10.7 million).