Nomura to acquire Macquarie’s public investments business in North America, Europe

Investing.com -- Macquarie Asset Management (ASX:MQG), also known as MAM, has announced that it will sell its public investments business in North America and Europe to Nomura (NMR). The deal, which is valued at approximately $A2.8 billion, includes the entire business comprising equities, fixed income, and multi-asset strategies, along with all relevant assets, teams, offices and the operating platform.

The transaction, which is subject to regulatory approvals and customary closing conditions, is expected to be finalized by the end of 2025. Nomura will acquire the business in its entirety, ensuring continuity for clients. The business is currently led from Philadelphia and employs over 700 people. The existing management team will continue to lead the business under Nomura’s ownership.

Despite the sale, MAM will maintain its public investments business in its home market of Australia. Here, it will continue to provide a full-service asset management business across public and private markets to institutions, governments, and individual investors.

As part of the agreement, MAM and Nomura will cooperate on product and distribution opportunities. This includes Nomura acting as a US wealth distribution partner for MAM, which will allow continued access for US wealth clients to MAM’s alternative investment capabilities. Nomura will also provide seed capital for a range of MAM Alternative funds tailored for US wealth clients.

The sale of the public investments business in North America and Europe will allow MAM to focus on its global private markets alternatives business and its leading position in Australian public markets. This move is expected to help MAM better serve the fast-growing institutional, insurance and wealth markets.

Ben Way, Head of MAM, commented on the transaction, stating: “We are proud of the public investments business we have built and grown over many decades. We are pleased that Nomura will carry it forward into a new phase of growth in North America and Europe. We are also excited to further strengthen our collaboration with Nomura, creating benefits for our respective clients." He further added, "This transaction will allow MAM to build on our leading global position in private markets, and our leading position in Australian public markets, as we focus on providing solutions for our Institutional, Insurance and Wealth clients.”

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