Deals of the year 2007: GCA reaches out to buy US peer

M&A boutique GCA’s acquisition of US peer Savvian was a bold cross-border deal that belied the notion that Japanese securities houses lack ambition.

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Deal size: approx ¥90 billion ($780 million); Deal type: share-swap merger (aka triangular merger)
Parties: GCA Holdings (of Japan) and Savvian LLC (US)
GCA Holdings (of Japan) and Savvian LLC (US)
Nobuo Sayama: leading GCA’s rocket-powered ascent since 2004

Nobuo Sayama: leading GCA’s rocket-powered ascent since 2004

In a year of troubled big bank mergers in Japan, the announcement of one small M&A boutique’s acquisition of a US peer attracted little attention.

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