Nomura to buy Macquarie’s U.S., Europe public asset management business
Signage for Nomura Holdings Inc. outside the company’s Otemachi head office in Tokyo, Japan, on Wednesday, Oct. 30, 2024.
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Japanese investment bank and brokerage group Nomura announced on Tuesday that it will acquire the North American and European public investments business of Australian investment banking company Macquarie for $1.8 billion.
The deal, which will be an all-cash transaction, is expected to be finalized by the end of this year pending regulatory approvals.
Nomura stated that it views global asset management as a strategic growth priority, with the acquisition expected to increase its investment management division’s assets under management to $770 billion, up from the current $590 billion.
Macquarie confirmed that it will retain its public investments business in Australia, continuing to serve institutions, governments, and individual investors in the region.
As part of the deal, Macquarie and Nomura have also agreed to collaborate on product and distribution opportunities, with Nomura becoming a U.S. wealth distribution partner for Macquarie. This partnership will ensure that U.S. clients still have access to Macquarie’s alternative investment offerings.
Nomura has committed to providing seed capital for a variety of alternative funds tailored for U.S. wealth clients, according to statements from both companies.
The financial impact of the transaction on Nomura is expected to be minimal, and both firms will operate independently until the deal is finalized.
