Mid-market placement agent Capstone Partners is set to be bought by financial services business Mizuho Americas, with a deal slated for the first half of this year.
Capstone provides fundraising and advisory services to private equity, credit, real assets, and infrastructure investment firms, and says it has a network of 1,500 LPs across the US, Europe, and Asia.
Mizuho Americas chairman and CEO Shuji Matsuura said, “Financial sponsors are rapidly evolving beyond their traditional roles and expanding their lines of business.
“Capstone is an excellent example of a firm that offers sponsor clients with a strategic value-add solution, which aligns well with our integrated and global coverage approach.”
Capstone CEO and managing partner Clay Deniger added, “Capstone has grown over the course of 20 years by helping our sponsor clients to build sophisticated private equity platforms with blue chip investors.
“Together with Mizuho, we will have a breadth of additional solutions to offer our clients, providing increased value and deepening already strong relationships.”
Last year Capstone’s clients held closes totaling more than $10bn in fund commitments.
Clay Deniger and Steve Standbridge will serve as co-heads of the Capstone Partners business within the Banking Americas division of Mizuho Americas.
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