Tokyo-based banking and financial services company Mizuho Financial Group announced today an agreement to acquire renewable energy and energy transition sector-focused financial advisory firm Augusta & Co.
Founded in 2002 by senior bankers from leading investment banks, Augusta serves the European energy transition sector as a specialist financial advisory and investment house, completing over 130 transactions and raising approximately €30 billion for its clients to date.
Mizuho said that the acquisition is aimed at strengthening its M&A advisory platform, as well as its energy credentials in the region, leveraging Augusta’s expertise to offer specialized renewable and transition advisory services to clients.
Yutaka Nanjo, Head of Global Investment Banking Division, 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.”
Under the terms of the transaction, Augusta will continue to be led by its current leadership team, and will maintain the Augusta & Co brand, with Mizuho bringing on the firm’s employees in the advisory business. Augusta’s asset management business is not included in the transaction.
Managing Partners of Augusta Mortimer Menzel and James Knight said:
“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. As transactions in the renewables sector become more sophisticated and global, they also require more specialist, bespoke advice supported by a wider product base – which will be core to our business model.”
