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Nomura launches French turnaround boutique

Japanese bank Nomura has invested €200m ($316m) in the launch of a French private equity boutique, which aims to turn around companies facing operational and financial challenges.

Nomura’s European operation will act as a sponsor to the new firm, called Perceva Capital, and also has a stake in the business. All of the firm’s back office functions will be dealt with by Nomura.

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