Jarden, Nomura top up strategic alliance by two years
New Zealand-founded investment bank Jarden and Japanese giant Nomura have hashed out terms to extend their strategic alliance signed in May 2021.
Jarden’s ex chair Robbie Vanderzeil (centre), Sarah Rennie and Aidan Allen, in 2021. Edwina Pickles
The two firms have topped up the partnership by another two years. Nomura’s balance sheet support should give Jarden firepower to chase big deals, especially rival banks compete for business from a small pool of deals.
The agreement was signed on Monday and announced to Jarden staff by Australian investment banking bosses Aidan Aleen and Sarah Rennie.
“This agreement provides that Nomura and Jarden will continue to collaborate and provide referrals across a spectrum of capital markets opportunities. In particular, Nomura intends to provide balance sheet support to Jarden as it continues to grow its ECM and DCM businesses in Australia,” the duo wrote in the memo.
“We have had some significant successes to date with the strategic alliance including acting jointly for key clients such as IFM, Emeco and providing financing support for our sponsor buyside engagements.”
Allen and Rennie said they expected ECM volumes to pick up in the second half, and the tie-up would give Jarden a leg up as it builds its investment banking and capital markets business in Australia and New Zealand.
The two signed the strategic alliance in May 2021 after nearly 10 months of negotiations. For Jarden, Nomura replaced its affiliation with Credit Suisse which ended in late 2020.
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