Japan’s Mizuho Financial is acquiring Augusta & Co, a financial advisory firm focused on renewable energy and energy transition in the EMEA region.
The financial institution’s acquisition of Augusta & Co includes its equity shares and advisory business employees, but excludes Augusta & Co’s asset management business. Financial details were undisclosed.
Mizuho said the acquisition of Augusta & Co, which will serve as Mizuho’s renewables advisory arm in EMEA, strengthens its global capabilities in renewable energy and energy transition advisory.
Yutaka Nanjo, head of global investment banking, Mizuho Securities, said: “We are delighted to announce our planned acquisition of Augusta & Co which marks an exciting step forward in our strategy to support our clients’ transition towards a low-carbon economy.
“Augusta & Co is a leading name in renewable advisory services with extensive relationships with renewables investors. Through this transaction, we are combining their specialist expertise with our global reach, client base and product offering. This is in addition to our well-established and successful global M&A platform as a result of our acquisition of Greenhill in 2023.”
Yasuhiko Ushikubo, chief sustainability officer, Mizuho Financial, said: “We are thrilled to announce the planned acquisition of Augusta & Co. Mizuho Financial Group is deeply committed to supporting our clients’ energy transition journey by creating new opportunities in the renewable energy sector. Today’s announcement is fully aligned with our group’s sustainability strategy and targets.”
Suneel Bakhshi, president & CEO of Mizuho International and head of the corporate and investment bank in EMEA, said: “We are delighted to welcome the talented team at Augusta & Co to Mizuho Financial Group. They provide a full suite of financial advisory services for a wide range of renewable technologies that will enhance our capabilities in the sector.
“This strengthens our position to become a leading financial institution in sustainable finance and reinforces our dedication to deliver long-term value for our clients and the communities in which we operate.”
Mortimer Menzel and James Knight, managing partners of Augusta & Co, said: “We are proud to have built Augusta over the last 23 years from small beginnings into a leading independent European financial advisor in renewables and energy transition, with a reputation for rigorous client focus, and closing complex, structured deals.
“Together with our partners Simon Clement-Davies, Charlie Hodges and Romane Guitard and the wider team, we are now taking Augusta to the next level. By combining Augusta’s leading sector expertise with Mizuho’s global reach, deep energy financing and capital markets strengths, along with a shared vision of a sustainable future; we are excited to embark on the next stage of our growth.”
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