Monex Group has announced today that its Board of Directors has resolved to acquire a 20% stake in Westfield Capital Management Company, L.P. The Boston-based boutique asset management firm specializes in U.S. growth equity investing across a wide range of capitalizations.

The deal, valued at US$103 million, will be through Monex’s special purpose company established in the U.S., making Westfield an equity-method affiliate of Monex. This acquisition comes as part of Monex’s ongoing strategy to expand its presence in the asset management sector, particularly in the U.S. equity market.

Monex Group Acquires 20% Stake in Westfield Capital for $103 Million

Founded with an initial $130 million in assets under management, Westfield has grown substantially, reaching over $24 billion by the end of 2024. The firm generated more than $100 million in revenue in the past year and boasts a team of over 60 employees, with an average of more than 20 years of experience in the industry.

The firm’s investment process and leadership will remain unchanged, ensuring continuity in its operations. Monex’s move to acquire a stake in Westfield is a significant step toward diversifying its growth strategy by deepening its engagement with the U.S. equity markets.

Yuko Seimei, CEO of Monex, expressed excitement over the partnership, stating, “We are happy to form this strategic partnership with Westfield, a firm with a distinguished track record and deeply rooted investment philosophy. This transaction is part of our efforts to invest in growth areas and will enable us to potentially cross-sell high-quality strategies to our Japanese client base.”

Westfield’s CEO, William A. Muggia, added, “We are excited to partner with Monex Group to expand our growth outside the United States, particularly through distribution in Japan. This partnership offers tremendous potential for our firm as we look to grow our business in Asia.”

Also, Monex plans to utilize external debt to optimize capital efficiency, aiming for higher return on equity (ROE) in the medium to long term.

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