SC Lowy eyes acquisition
By Duncan Kerr
Small Asian firm has big European ambitions; expands into debt capital markets.
Roughly a year ago, SC Lowy, a small, Hong Kong-headquartered, fixed-income investment-banking firm, opened an office in London to expand its business in Europe.
For a firm that trades loans, high-yield bonds and is moving into primary debt capital markets, there are plenty of opportunities in the European market.
One that is especially bold and which Michel Lowy, co-founder and CEO, says is “absolutely” on the cards, is the potential acquisition of a bank.
It’s “not going to happen tomorrow” he cautions, but he is interested and is looking for what would, if the firm did pull it off, be its second bank acquisition.