Nomura to Acquire Macquarie's US, Europe Asset Management for $18 Billion

Nomura Holdings Inc. of Japan has agreed to acquire Macquarie Group's public asset management businesses in the United States and Europe for approximately 18 billion U.S. dollars. This acquisition includes Macquarie Management Holdings (USA) Inc., as well as Macquarie Investment Management Holdings' subsidiaries in Luxembourg and Austria. The deal is expected to be completed by the end of 2025, subject to regulatory approval and customary closing conditions.

Macquarie Group will retain its public investment business in its home market. The transaction also includes an agreement between Macquarie and Nomura to collaborate on product development and sales channels. Nomura will act as a distribution partner for Macquarie's wealth management products in the United States. Additionally, Nomura has committed to providing seed capital for a series of alternative investment funds launched by Macquarie and targeted at U.S. wealth clients.

This acquisition is part of Nomura's strategy to strengthen its global business and expand its asset management capabilities. For Macquarie, the sale allows the company to focus on its private markets alternative business. The transaction ensures the continuity of client services, as Nomura will acquire the entire business, including related assets, teams, offices, and operating platforms. The business, headquartered in Philadelphia, employs over 700 people and will retain its existing management team.

The acquisition will significantly enhance Nomura's presence in the Western markets, leveraging Macquarie's expertise in stock, fixed income, and multi-asset investments, as well as its established client relationships. This move is expected to accelerate Nomura's growth in the asset management sector, particularly in the United States and Europe, where it has been looking to expand its footprint.

For Macquarie, the sale aligns with its strategic focus on institutional, insurance, and wealth markets, allowing it to concentrate on its private market alternative business. The collaboration between the two firms on product development and sales channels will create synergies that benefit both parties, enhancing their competitive positions in the global financial landscape.