Nomura to acquire Tricorn Partners

TRICORN Partners, the corporate finance advisory firm, is set to be taken over by Japanese investment bank Nomura.

Guy Dawson and Justin Dowley, who have been running Tricorn for seven years since leaving Merrill Lynch, will join Nomura as vice-chairmen of Europe, Middle East and Africa investment banking.

This marks a reversal of the trend for bankers to ditch large institutions in favour of smaller independent boutiques.

It is understood that part of the undisclosed acquisition price will depend on the earnings the bankers generate over the next two years.

The move follows Nomura’s acquisition of Lehman Brothers’ European and Asian M&A and equities business.