Clifford Chance

Clifford Chance advises Intermediate Capital Group on partnership with Nomura Holdings to set up Japanese Domestic Mezzanine Fund

Tokyo: Leading international law firm Clifford Chance has advised Intermediate Capital Group Plc on a 50:50 partnership with Nomura Holdings Inc. The partnership will facilitate the future structuring and distribution of new domestic mezzanine investments and funds, to be managed by a local, Japanese fund management company that will be established. Intermediate Capital Group and Nomura have agreed to allocate JPY10 billion (US$99.3 million) each to this initiative.

"We are delighted to have advised Intermediate Capital Group on this strategically important transaction" said Andrew Whan, a partner in the corporate M&A practice at Clifford Chance. "This reflects the renewed interest we are seeing from foreign fund investors entering Japan".

The Clifford Chance team was led by partner Andrew Whan, working with associate Maiko Adachi and assisted by partner, Eiichi Kanda and counsel, Yasuyuki Takayama on the Japanese regulatory aspects of this transaction.

Intermediate Capital Group Plc is a specialist investment firm and asset manager and Nomura Holdings Inc. is one of Asia's global investment banks.