SMFG Partners with US Firms to Launch $3.5bn European M&A Fund

Sumitomo Mitsui Financial Group (SMFG) is joining forces with Bain Capital and Muzinich & Co. to manage funds worth $3.5 billion to finance European mergers and acquisitions starting next year. Higher interest rates in Japan have given SMFG the financial flexibility to make these deals. The collaboration aims to support European companies in their M&A activities.