Nomura better than UBS at Global M&Ain 2025. Pass it on!
Surprising to say the least. Maybe Nomura is a sleeping giant, maybe UBS shit the bed this year.
Guess we’ll find iut
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They have had a great APAC and Japan year (they have done ~13OBn in transaction value in APAC this year, which is a 13x improvement over the previous year, where they did roughly ~10Bn). Nomura doesn't do US M&A.
UBS has very little too and less than $80Bn in the US, probably less than $50Bn
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