Macquarie Group has announced that its asset management division has reached an agreement to sell its North American and European public investment business to Nomura for approximately AUD 2.8 billion in an all-cash transaction. Nomura will acquire the entire business, including assets, teams, offices, and operational platforms, ensuring continuity of client services. Macquarie will retain its public investment operations in the Australian market.
As part of the deal, Macquarie and Nomura have agreed to collaborate on product and sales channels. Nomura will act as Macquarie's distribution partner for wealth management products in the U.S. Additionally, Nomura has committed to providing seed funding for a series of alternative investment funds launched by Macquarie for U.S. wealth clients.
The transaction is subject to regulatory approvals and customary closing conditions, with completion expected by the end of 2025.
