Japan-based Daiwa Securities Group Inc. announced its acquisition of the entirety of Spanish investment bank Montalbán Atlas Capital SL.

DC Advisory, the European subsidiary of Daiwa's investment banking arm, will be able to leverage Montalbán's 28 bankers to offer corporate finance advisory services, including M&A and capital advisory, the Japanese group said Dec. 20.

Montalbán has partnered with DC Advisory for more than a decade, according to Montalbán Managing Partner Manuel Zulueta.

"Formalizing our existing relationship with partners Montalbán is the next step in the growth of our seamless global M&A platform," said Yuichi Akai, Daiwa's head of global investment banking.