Deals
Nomura Buys Boutique Investment Bank in Bet on Greener Deals
- Greentech has helped Macquarie, others invest in wind, solar
- McDermott sees ‘massive growth’ in alternative investing
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Nomura Holdings Inc. agreed to buy boutique investment bank Greentech Capital Advisors, a rare overseas acquisition for Japan’s biggest brokerage as it seeks to boost its U.S. presence.
Founded in 2009 by Jeff McDermott, previously a co-head of investment banking at UBS Group AG, Greentech specializes in sustainable investing. It has helped Macquarie Group Ltd., Goldman Sachs Group Inc. and others buy and sell wind and solar farms. The transaction is scheduled to close March 31, according to a statement Wednesday that didn’t disclose terms.