Nomura is acquiring Macquarie Management Holdings for $1.8 billion to expand its asset management footprint and diversify its global operations.

Overview of the Deal

Nomura has announced an all-cash acquisition valued at $1.8 billion to acquire 100% of Macquarie Group’s public asset management units in the U.S. and Europe. This strategic move adds $180 billion in assets under management (AUM) to Nomura, resulting in a total investment platform division size of $770 billion. The acquisition aligns with Nomura's efforts to enhance global growth and diversification by investing in stable, high-margin businesses.

Target Company Information

Macquarie Management Holdings, Inc., based in Philadelphia, serves as the holding company for Macquarie Group’s U.S. public asset management operations. Established in 2010, the company is responsible for managing approximately 90% of the AUM involved in this acquisition. With a workforce of around 700 employees, Macquarie possesses strong relationships with nine of the top ten U.S. retail platforms, enabling it to effectively manage a diverse portfolio that includes equities, fixed income, and multi-asset strategies. The remainder of the AUM originates from Macquarie’s operations in Luxembourg and Austria.

Industry Overview

The asset management industry in the United States and Europe is characterized by an increasing demand for diversified investment strategies, particularly in light of recent market volatility. Investors continue to seek stable and sustainable income sources amid economic uncertainty, prope