The news:<\/b> Macquarie Asset Management will sell its North American and European public investments business to Nomura for approximately $2.8 billion in an all-cash transaction, the company said. <\/p>\n
Macquarie will retain its public investments business in Australia, where it will continue to operate a full-service asset management business across public and private markets.<\/p>\n
The numbers:<\/b> \u00a0The business includes equities, fixed income and multi-asset strategies, with approximately $285 billion of assets under management and more than 700 employees. <\/p>\n
Nomura will acquire the business in its entirety, including all relevant assets, teams, offices and operating platform. <\/p>\n
What they said:<\/b> The transaction is expected to close by the end of the year and is subject to regulatory approvals and customary closing conditions. <\/p>\n
It will leave Macquarie Asset Management focused on global alternatives and a full-service asset management business in Australia, the company said.<\/p>\n
Macquarie and Nomura will also collaborate on product and distribution opportunities, including seed capital from Nomura for a range of Macquarie Alternative funds aimed at US wealth clients, it added.<\/p>\n
\u201cWe are pleased that Nomura will carry it forward into a new phase of growth in North America and Europe,\u201d Ben Way, head of MAM, said in a statement<\/p>\n
\u201cWe are also excited to further strengthen our collaboration with Nomura, creating benefits for our respective clients.\u201c<\/p>\n","protected":false},"excerpt":{"rendered":"The news: Macquarie Asset Management will sell its North American and European public investments business to Nomura for…\n","protected":false},"author":2,"featured_media":39584,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[22465,982,2000,299,5187,7558],"class_list":{"0":"post-39583","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-asxmqg","9":"tag-deals","10":"tag-eu","11":"tag-europe","12":"tag-european","13":"tag-financial-services"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114378595712982447","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/39583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=39583"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/39583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/39584"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=39583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=39583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=39583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}