Goldman Sachs Group is planning to expand its acquisitions and investments in Japan¡¯s booming corporate deals market over the next decade by about ?800 billion ($5.1 billion), with a focus on mid-sized firms.
The Wall Street investment bank is looking for corporate clients in areas such as management buyouts, subsidiary sales and business succession planning, said Yu Itoki, managing director in its Japan unit¡¯s growth equity and private equity team. He sees strong global institutional demand for Japanese allocations, while more and more companies are keen to carry out projects such as MBOs and sales of noncore assets.
¡°We¡¯re in an environment now where we can invest at double or triple the pace compared with before,¡± Itoki said in an interview. ¡°Supply and demand are aligned¡± between investors targeting Japan and companies seeking funding, he said.
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