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New Deal


Announced

Mizuho Securities to acquire a 20% stake in Rakuten Securities from Rakuten for $550m.

Financials

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Transaction Value£488m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Domestic

aircraft asset management

Infrastructure Funds

Acquisition

Majority

Friendly

asset management

financial services

Private Equity

Japan

Private

Synopsis

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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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