Natixis buys Japanese advisory firm to join M&A dealmaking boom

What happened: Natixis, the corporate and investment banking arm of French lender BPCE, agreed to buy Tokyo-based independent advisory firm Sangyo Sosei Advisory to enter Japan's merger advisory business. Key numbers: Purchase price not disclosed. Deal subject to approval from Japanese regulators. Why it matters: The move comes as competition for a slice of Japan's dealmaking boom intensifies. Both Natixis and Sangyo Sosei declined to comment.

Natixis, the corporate and investment banking arm of French lender BPCE, agreed to buy Tokyo-based independent advisory firm Sangyo Sosei Advisory to enter Japan's merger advisory business.

The move comes as competition for a slice of Japan's dealmaking boom intensifies. Both Natixis and Sangyo Sosei declined to comment.