Monex Group plans for a 20 % stake in Westfield Capital Management, based in Boston, for $ 103 million.
This step will see Westfield become a subsidiary of the Financial Services Company listed in Tokyo.
Strategic investment is a major step in the long -term growth plan from Monex to strengthen the asset management platform and expand its presence in the American stock market.
Westfield was founded in 1989, and is specialized in growth stocks in the United States and currently runs more than $ 24 billion of assets. The company achieved more than $ 100 million in revenue in 2024.
Monks said that Westfield will continue to work independently, while his leadership and investment and operations remain unchanged.
Monex aims to take advantage of Westfield’s investment experience to diversify its portfolio and explore the chances of high -sales condemnation strategies for retail customers in Japan.
“This deal is an important step in our ongoing efforts to invest in the areas of growth. We believe that the performance consistent in Westfield in American stock markets, associated with the disciplined investment process, completes our current capabilities,” said Yuko Sementi, CEO of Monex Group.
The President and CEO of Westfield William A. Muga: “We are excited to partnership with the Monex Group to expand our growth outside the United States through the distribution in Japan.”
Monex noted that the deal will enhance the stability of profits and capital efficiency, which contributes to improving the medium to long -term returns. The company plans to finance the transaction in part through external debt.