Mizuho buys Capstone partners to strengthen the group of sponsors

Mizuho buys Capstone partners to strengthen the group of sponsors

“Financial sponsors are rapidly evolving beyond their traditional roles and expanding their lines of business,” Shuji Matsuura, chairman and chief executive officer at Mizuho Americas, said in a statement. “Capstone is an excellent example of a firm that offers sponsor clients with a strategic value-add solution, which aligns well with our integrated and global coverage approach.”

Mizuho Financial Group Inc., the huge Japanese bank, has consented to purchase U.S.- based Capstone Partners to grow occupied with aiding private value firms raise reserves. Mizuho Americas, the company’s stateside auxiliary, is paying an undisclosed amount for Capstone, as indicated by an assertion got by Bloomberg News. The deal is slated to be completed in the first half of the year. The securing will assist with developing the bank’s rundown of financial sponsors and reinforce its capital-raising endeavors. The business will be helped by Capstone’s organization of in excess of 1,500 limited partners across the U.S., Europe and Asia.

In recent years, Mizuho Americas has been expanding its business of catering to the largest private equity companies in the world and helping them with investment transactions and other liquidity events. In 2018, it hired Stancel Riley from Wells Fargo & Co. and Richard Park from Deutsche Bank AG to be co-heads of its financial sponsors group.

The division in recent years was joint lead arranger and joint bookrunner for KKR & Co.’s $6.6 billion leveraged buyout of BMC Software Inc. It also was the initial coordinating lead arranger of the $5.8 billion financing of Venture Global Calcasieu Pass LLC on behalf of Stonepeak Infrastructure Partners.

As part of the deal, Capstone CEO Clay Deniger and Managing Director Steve Standbridge will join the banking Americas division of Mizuho Americas to co-head the Capstone business.

Mizuho was advised by PricewaterhouseCoopers LLP, Houlihan Lokey Inc., and Debevoise & Plimpton. Capstone’s advisers were Stifel Financial Inc.’s Keefe Bruyette & Woods and Vinson & Elkins.

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