Monex acquires 20% stake in Westfield Capital to strengthen U.S. equity presence and boost long-term growth strategy.
Monex acquires 20% stake in Westfield Capital to strengthen U.S. equity presence and boost long-term growth strategy.
Monex Group acquires a 20% stake in Westfield Capital Management Company, L.P., as announced today by its Board of Directors. The Boston-based boutique asset manager specializes in U.S. growth equity investing across various capitalization levels.
Furthermore, Monex will execute the $103 million transaction through its special purpose vehicle in the United States, making Westfield an equity method affiliate. Since its founding, Westfield has expanded its assets under management from $130 million to over $24 billion by the end of 2024, generating more than $100 million in revenue last year alone. Despite the change in ownership structure, Westfield will retain its investment process, leadership team, and daily operations. Today, the firm employs more than 60 professionals, each bringing over two decades of experience on average. Monex has actively pursued growth in the asset management sector to solidify it as a core pillar of its long-term strategy.
With this latest move, Monex aims to strengthen its footprint in the U.S. equity market and enhance its global presence. “Yuko Seimei, CEO of Monex Group, expressed delight in forming this strategic partnership with Westfield,” a firm with a distinguished track record and a deeply rooted investment philosophy. “This transaction represents a significant step in our ongoing efforts to invest in growth areas. We believe Westfield’s consistent performance in the U.S. equity markets, paired with its disciplined investment process, complements our existing capabilities and opens new doors for potentially cross-selling high-quality strategies to our Japanese client base.”
William A. Muggia, President, CEO, and CIO of Westfield, shared his optimism about the partnership, saying, “We are excited to partner with Monex Group to expand our growth outside the United States through distribution in Japan. Looking ahead to the next 20 years, we are energized to leverage our platform for expansion in Asia, alongside our new partner, Monex Group, a distinguished institution with a proven track record of strategic execution and strong leadership.”
Moreover, Monex plans to utilize some external debt to enhance capital efficiency and support a higher return on equity over the medium to long term.
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