Daiwa Securities to buy Sagent, Signal Hill

Daiwa Securities Group Inc has agreed to buy Sagent Advisors and Signal Hill Holdings LLC. Financial terms weren’t announced although press reports pegged the deal at 10 billion yen ($90 million). Both Sagent and Signal Hill are U.S. investment banks. Morrison & Foerster LLP provided legal advice to Daiwa, while Gibson, Dunn & Crutcher LLP acted as the attorney for Sagent and DLA Piper (US) LLP for Signal Hill.

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