Nomura Secures $1.8 Billion Deal to Acquire Macquarie's Asset Management Units
Deal News | Apr 23, 2025 | White & Case
Global law firm White & Case LLP has advised Nomura in its strategic acquisition of Macquarie’s US and European public asset management business for $1.8 billion. This all-cash transaction signifies a major expansion for Nomura’s Investment Management Division. By acquiring 100% of the stock from Macquarie Management Holdings, Inc., and its European counterparts, Nomura aims to significantly boost its global capabilities and client reach. The firm currently manages around $590 billion in client assets, and upon completion of this agreement, is expected to increase its total assets under management to approximately $770 billion, over a third of which will be managed outside Japan. The deal awaits necessary regulatory approvals and is projected to close by the end of 2025. White & Case deployed a comprehensive cross-disciplinary team to manage various legal aspects of the transaction, involving specialists in M&A, investment funds, real estate, employment, technology, sustainability, taxation, and more.
Sectors
- Financial Services
- Legal Advisory
Geography
- United States – The U.S. is one of the primary locations involved, as Macquarie and Nomura are operating within the U.S., and White & Case has a strong presence there.
- Europe – Europe is significant due to the presence of Macquarie's asset management business in Luxembourg and Austria, contributing to the geographic scope of the transaction.
- Japan – Nomura, the acquiring company, is based in Japan, which underlines its strategic aim to globalize its investment management division.
Industry
- Financial Services – The acquisition involves major entities within the financial services industry, specifically focusing on asset management sectors.
- Legal Advisory – White & Case, a law firm, plays a significant role by offering legal advice crucial for facilitating the acquisition deal.
Financials
- USD 1.8 billion – The acquisition price for Macquarie’s US and European public asset management business by Nomura.
- USD 590 billion – The current assets under management by Nomura’s Investment Management Division before the acquisition.
- USD 770 billion – Expected total assets under management by Nomura upon closing the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nomura | Acquiring Company | Company | A major Japanese financial holding company and global investment bank acquiring asset management units. |
| Macquarie | Target Company | Company | An Australian multinational independent investment bank and financial services company, selling its asset management business. |
| White & Case LLP | Legal Advisor | Company | A prominent global law firm providing legal advice to Nomura during the acquisition. |