Google
WWW を検索 「園田義明めも。」を検索

野村ホールディングスが野村不動産や野村総合研究所の売却を検討=英フィナンシャル・タイムズ紙2011/11/23 19:25

野村ホールディングスが野村不動産や野村総合研究所の売却を検討=英フィナンシャル・タイムズ紙


<関連記事引用>

▼野村、野村不動産や野村総合研究所の売却を検討=FT紙
2011年 11月 23日 17:18 JST
http://jp.reuters.com/article/topNews/idJPJAPAN-24306720111123

 [22日 ロイター] 英フィナンシャル・タイムズ紙(FT)は23日、野村ホールディングス(8604.T: 株価, ニュース, レポート)が国内事業売却の可能性を複数の大手プライベートエクイティー(PE)に打診したと報じた。

 売却は資本バッファーの強化が目的で、野村不動産や野村総合研究所の売却を検討しているという。大手PEのKKRやTPGなどとの予備的協議に詳しい複数の関係筋の話として報じた。

 同紙によると、ある大手PEの日本支部責任者は「野村は、証券業務と直接関係のないあらゆる業務について、あらゆる相手と協議している」と述べた。正式な入札手続きには入っていないという。

 野村のコメントはとれていない。


▼野村、総研など売却検討=米投資ファンドと接触―英紙
2011年 11月 23日 18:06 JST
http://jp.wsj.com/Japan/Economy/node_349114

英紙フィナンシャル・タイムズ(アジア版)は23日、野村ホールディングスが資本基盤を強化するために、傘下の野村不動産や野村総合研究所の売却を検討しており、米コールバーグ・クラビス・ロバーツ(KKR)や米TPGなどの投資ファンドと接触したと報じた。

 ある投資ファンドの日本拠点のトップは同紙に対し、正式な手続きには入っていないとしながらも、「彼ら(野村)は、証券業務と直接関係がないあらゆる事業に関して、あらゆる相手と協議している」と指摘した。

[時事通信社]


November 22, 2011 9:30 pm
Nomura steps up its asset sale plans (画像引用)
By Henny Sender in Hong Kong and Michiyo Nakamoto in Tokyo
http://www.ft.com/intl/cms/s/0/982444d6-150d-11e1-b9b8-00144feabdc0.html#axzz1eU3TfX00

Nomura has approached big private equity firms about the possible sale of domestic businesses, including its real estate arm, as the Japanese bank moves to shore up its capital buffers.

Several people familiar with the preliminary talks with parties including KKR and TPG said the bank was considering the sale of Nomura Real Estate and Nomura Research Institute, its consulting, information technology and research arm.

“They are talking to everyone about everything not directly related to the securities business,” said the Japan head of one big private equity firm that has taken part in the talks. However, there was no formal auction process.

While Japanese securities firms have been ailing for some time because of the moribund stock market, Nomura has come under more pressure to boost its capital base because of its international ambitions to become a global powerhouse in investment banking.

It said last month it would expand its cost-cutting exercise from $400m to $1.2bn after it suffered a larger than expected net loss of Y46.1bn in the second quarter.

Earlier this month, Moody’s also warned it might cut Nomura’s credit rating to one notch above junk grade, due to the continuing losses in its wholesale division. Nomura countered that it had already taken action to lower the division’s break-even point.

However, “if their rating falls ... there will be counterparties that cannot trade with them,” said Atsushi Shiota, analyst at Daiwa Capital Markets.

So far the assets that have been put on the block and sold in recent months have been less core to the firm such as Nomura’s stake in Skylark, a local restaurant chain which Bain Capital bought for about $2.1bn, and a ball-bearing business Tsubaki Nakashima sold to Carlyle for about $804m.

There is also talk that at some stage Nomura might also put Ashikaga Bank on the block. A Nomura-led consortium acquired the formerly nationalised Ashikaga in 2008 for about $3bn.

Selling NRE and NRI to boost its capital would make sense since Nomura has no compelling reason to hold on to either company, people familiar with the group said.

Business ties are also looser than they used to be. The former official said NRI no longer supplied the key systems for its parent after Nomura adopted the IT systems of Lehman following its acquisition of the US bank.

The Japanese bank has brought Nomura Real Estate under its wing, by consolidating Nomura Land and Building, which owns 50.8 per cent of Nomura Real Estate. But one Nomura official said: “We are not planning to go into the real estate business.”

Buy-out firms which have looked at NRE say, however, Nomura might have difficulty in fetching a high price because of its debt load. The firm, as well as one former executive, say the equity may only be worth Y100bn while the debt is about Y800bn.

Nomura declined to comment. Spokespeople for the buy-out firms declined to comment.