Dallas, Texas-based Capstone helps private equity firms find
limited partners to invest in their funds, helping raise capital
for global private equity, credit, and infrastructure firms.
Following the acquisition, Capstone will come under Mizuho's
holding company in the United States, where it is expected to
help build out the Japanese bank's investment banking business,
the person said, declining to be identified because the
information has not been made public.
Mizuho does not plan to disclose the cost of the acquisition,
the person added.
No one was immediately available for comment at Capstone's
Dallas office outside normal working hours.
Mizuho, which has struggled at home to overcome a long-running
series of system errors, is set to appoint senior executive
officer Masahiro Kihara as its next chief executive to tackle
the issue.
The Capstone purchase is in line with efforts by Japan's biggest
banks to acquire more businesses overseas, particularly in
faster-growing markets.
Of the three megabanks, Mizuho has, however, been slower to move
than bigger rivals Mitsubishi UFJ Financial Group and Sumitomo
Mitsui Financial Group.
The news was earlier reported by the Nikkei business daily.
(Reporting by Makiko Yamazaki; Writing by David Dolan; Editing
by Edwina Gibbs)
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