In order to make a good position in the European loans market, Japan's largest bank has agreed to sell its debt management specialist, Mizuho Investment Management to the 3i Group Plc, British private equity Company.

It has been announced by 3i on Monday that Mizuho Corporate Bank Ltd., the parent Company of Mizuho Investment Management has made a deal of 18.3 million Pounds with them.

The second-largest lender of Japan by assets, Mizuho Financial Group is the owner of Mizuho Corporate Bank.

Mizuho Investment Management, which is based in Europe, dedicates itself for the management of funds, which are to be spent in senior and subordinated corporate debt. Along with that, it also provides suggestions for the investment services.

Chief Executive of 3i, Michael Queen said, “We've now got three platforms for growth - private equity, infrastructure management and debt management”.

Shares of 3i soared by 0.1% to 288.4 pence and the current market capitalization of the Company is approximately 2.8 billion Pounds.

The Company has also said in its statement that their revenues will boost up with the help of this deal.

According to Oriel Securities analyst, Iain Scouller, 3i is likely to experience the revenue of around 15 million to 20 million with the contribution of Mizuho Investment Management.