Nomura Holdings has announced its largest acquisition to date, agreeing to purchase Macquarie Group’s U.S. and European public asset management businesses for $1.8 billion. This strategic move is set to bolster Nomura’s assets under management (AUM) by approximately $180 billion, elevating its total AUM to around $770 billion. The all-cash deal, expected to close by the end of 2025, includes the transfer of investment teams, operating platforms, and the retention of existing management personnel.
This acquisition marks a significant step in Nomura’s efforts to diversify its revenue streams and strengthen its presence in international markets, particularly in the face of Japan’s shrinking domestic market. By expanding its asset management capabilities, Nomura aims to secure more stable, fee-based income that is less susceptible to market volatility.
Macquarie’s decision to divest its U.S. and European public asset management units aligns with its strategic focus on higher-margin private markets and its core Australian operations. The Australian financial group will retain its asset management business in Australia and collaborate with Nomura on product and distribution initiatives.
Market reactions to the announcement were positive, with Nomura’s shares rising by 0.6% and Macquarie’s shares increasing by 1.5%. Analysts view the deal as a prudent move for both parties, allowing Nomura to enhance its global investment management platform while enabling Macquarie to concentrate on its strengths in private markets.
As the financial industry continues to evolve, Nomura’s acquisition of Macquarie’s asset management units underscores the importance of strategic expansion and diversification in maintaining competitiveness and achieving long-term growth.
