Sumitomo Mitsui Financial Group has invested approximately 42 billion yen in a major American financial company to form a capital and business alliance.
We would like to deepen cooperation in the field of investment banking related to the acquisition and merger of companies in the United States.
Sumitomo Mitsui Financial Group announced that it has entered into a strategic capital and business alliance with Jeffreys Financial Group, a major American financial company.
Sumitomo Mitsui Financial Group will invest approximately 42 billion yen to acquire up to 4.9% of Jeffreys' shares.
Jeffreys has strengths in investment banking operations such as M & A of small and medium-sized enterprises = advice on acquisitions and mergers, so both companies are involved in cross-border acquisitions and mergers involving American small and medium-sized enterprises and Japanese companies. It is a policy to deepen cooperation with.
Sumitomo Mitsui Financial Group invested in Goldman Sachs, a major investment bank in the United States in 1986, but it has now been dissolved.
In the midst of a prolonged ultra-low interest rate and a difficult business environment, we aim to strengthen the business of investment banks and increase profits through a partnership with Jeffreys.