
Citigroup hires ex-Silver Lake partner as Japan M&A head
Citigroup has hired Masao Yoshikawa, an ex-partner and Japan representative at private equity firm Silver Lake, as its new managing director of mergers and acquisitions (M&A) in Japan.
Prior to joining Silver Lake in 2009, Yoshikawa worked for ten years as an investment banker in Tokyo covering the technology sector, first at Goldman Sachs then at Merrill Lynch.
He also spent several years at Fuji Bank in the M&A advisory group prior to 1999, as well as in the institution's Energy and Project Finance divisions in Houston, Texas.
Masao has an M.B.A. from the University of Chicago and a degree in Economics from Keio University in Tokyo.
The appointment comes as investment banks look to capitalize on the surge in outbound investment from Japan. Indeed, the $50.9 billion of capital invested across 438 outbound deals during the first three quarters of this year is on track to break all previous records.
Supported by low borrowing costs and a strong yen, large corporations and trading houses such as Toshiba and Marubeni have their fingers on the pulse of various industries and can easily identify targets by dint of having tracked their competitors so closely. Those strategic buyers that are less sophisticated and have little or no global expertise rely heavily on investment banks when putting together their outbound strategies.
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.