Nomura to Acquire Instinet from Silver Lake Partners.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & TOKYO -- Instinet, Inc., a global agency broker, today announced that it has entered into a definitive agreement to be acquired in an all cash transaction by Nomura Holdings Nomura Holdings, Inc. (TYO: 8604 SGX: N33 NYSE: NMR) (野村ホールディングス株式会社) is a Japanese financial holding company. Holdings
Upon completion of the transaction, which is subject to regulatory approvals and is expected in the first quarter of 2007, Instinet will be operated as a wholly-owned subsidiary and brand of Nomura offering agency execution services to institutional clients around the world. Senior management, including CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Edward J. Nicoll, will continue to run the firm. "Nomura is one of the world's premier financial services firms, and we are excited to join its family," said Nicoll. "This deal will allow us to continue offering our institutional clients around the world the high-quality execution services that they have come to expect from Instinet, while adding access to Nomura's various investment product offerings and global liquidity pool." "Instinet has become one of the world's largest agency brokers through the superiority of its people, technology and business model, and it has been a privilege to work alongside the firm," said Mike Bingle Noun 1. bingle - a base hit on which the batter stops safely at first base single base hit, safety - (baseball) the successful act of striking a baseball in such a way that the batter reaches base safely , Managing Director at Silver Lake Partners. "Nomura is a perfect fit for Instinet going forward, and we have every confidence that the business will continue to thrive." "Instinet is a true pioneer in field of electronic trading, offering world-class front-end trading products, crossing platforms and algorithms," said Mr. Hiromasa Yamazaki, Senior Managing Director of Nomura Securities. "The firms complement each other remarkably well, and we fully expect both of our client bases to benefit greatly. All of Nomura's business divisions warmly welcome Instinet to our group." About Instinet Instinet Inc., through its subsidiaries, acts as a global agency broker, providing the trading expertise and advanced technology necessary to successfully interact with more than 50 securities markets worldwide. Acting solely as an agent for its customers, which include international mutual funds, insurance companies, pension funds and hedge funds, Instinet seeks to improve institutional investment performance and lower overall trading costs Trading costs Costs of buying and selling marketable securities and borrowing. Trading costs include commissions, slippage, and the bid/ask spread. See: Transactions costs. through its various front end trading systems, securities crossing networks, algorithms and investment research products. The company is headquartered in New York and maintains offices in North America, Europe and the Asia Pacific region. For more information, please visit www.instinet.com. Instinet conducts its U.S. institutional brokerage business primarily through Instinet, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , member NASD/SIPC. About Silver Lake Partners Silver Lake Partners is the leading private equity firm focused exclusively on large-scale investing in technology and related growth industries. Silver Lake seeks to achieve superior returns by investing with the strategic insight of an experienced industry participant, the operating skill of a world-class manager and the financial expertise of a disciplined private equity investor. Specifically, Silver Lake's mission is to function as a value-added partner to the management teams of the world's leading technology franchises. Its portfolio companies include technology industry leaders such as Avago, Flextronics, Gartner, IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. Systems, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on , Network General, NXP NXP Next Experience (formerly Philips Semiconductors) (formerly the semiconductors business of Royal Philips Electronics), Seagate Technology, Serena Software, SunGard Data Systems, Thomson and UGS UGS In currencies, this is the abbreviation for the Uganda Shilling. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . For more information, please visit www.silverlake.com. About Nomura Group Nomura is a global financial services group dedicated to providing a broad range of financial services for individual, institutional, corporate and government clients. The Group offers a diverse line of competitive products and value-added financial and advisory solutions through its global headquarters in Tokyo, 139 branches in Japan, and an international network in 29 countries; with regional headquarters in Hong Kong, London, and New York. The Group's business activities include investment consultation and brokerage services for retail investors in Japan, and, on a global basis, brokerage services, securities underwriting, investment banking advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , merchant banking, and asset management. For further information about Nomura please visit our website at www.nomura.com. [c]2006 Instinet Inc. All rights reserved. INSTINET is a registered service mark in the United States and in other countries throughout the world. |
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