Announced
Financials
Tags
Pending
Single Bidder
Domestic
aircraft asset management
Infrastructure Funds
Acquisition
Majority
Friendly
asset management
financial services
Private Equity
Japan
Private
Synopsis
Mizuho Securities, an asset management company, agreed to acquire a 20% stake in Rakuten Securities, an Internet securities company focusing on online transactions, from Rakuten, a digital services company, for $550m. Through the deal, Mizuho hopes to tap Rakuten Securities' online brokerage expertise as well as its relatively young clientele at a time of stiff competition for traditional face-to-face brokerage services.
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