Nomura Research Institute has purchased Core BTS, a Fund III portfolio company of private equity firm, Tailwind Capital.

Core BTS is an information technology service provider leveraging Microsoft and Cisco technology to modernize business applications and cloud value. Under the ownership of Tailwind, the firm added four strategic add-ons which expanded the firms Microsoft services and capabilities.

“We are delighted to join the NRI family and excited about the impact that our greatly expanded scale and capabilities will bring to our clients, partners, and associates,” said Paul Lidsky, CEO of Core BTS. “Together with NRI, we remain committed to serving our clients and continuing to execute our growth strategy.”

Evercore is serving as financial advisor to Core BTS and Davis Polk & Wardwell LLP is serving as legal advisor. Nomura Securities Co., Ltd is serving as financial advisor to NRI and Pillsbury Winthrop Shaw Pittman is serving as legal advisor.