Nomura and Mitsui to Acquire Asset Manager New Forests

Posted on 05/20/2022

New Forests, a global investment manager of nature-based real assets and natural capital strategies, announced Mitsui & Co., Ltd (Mitsui) and Nomura Holdings, Inc (Nomura), have entered into an agreement to purchase a 100% shareholding of New Forests.

The agreement, which is subject to regulatory approval and expected to be completed by December 2022, will see Mitsui become a 49% shareholder and Nomura a 41% shareholder, with the remaining 10% shareholding retained by New Forests’ staff. Mitsui has been a shareholder in New Forests since 2016 and will increase its shareholding from approximately 23% to 49%.

Mitsui and Nomura will provide capital to support New Forests’ strategic growth initiatives and the global expansion of its investment platform. In addition, New Forests will leverage Nomura’s global distribution network particularly across Japan and more broadly in Asia.

Two representatives each from Mitsui and two from Nomura will join the New Forests board of directors, along with two independent directors and an employee nominee director.

Grant Samuel acted as financial advisor and Clayton Utz as legal counsel to New Forests on the transaction.

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