Nomura Makes Largest Overseas Purchase Since Lehman With $1.8 Billion Deal

Nomura
Holdings has agreed to acquire Macquarie Group’s U.S. and European public asset
management business for $1.8 billion in an all-cash transaction, marking the
Japanese firm’s most significant overseas acquisition since purchasing Lehman
Brothers assets during the 2008 financial crisis.

The deal,
announced today (Tuesday), will add approximately $180 billion in client assets
to Nomura’s portfolio, increasing its total assets under management to around
$770 billion. Upon completion, more than 35% of Nomura’s managed assets will be
on behalf of clients outside Japan, up from its current international
footprint.

“This
acquisition will align with our 2030 global growth and diversification
ambitions to invest in stable, high margin businesses,” said Kentaro
Okuda, Nomura President and Group CEO. “It will be transformational for
our Investment Management Division’s presence outside of Japan, adding
significant scale in the U.S.”

The
transaction involves Nomura purchasing three Macquarie companies based in
Delaware, Luxembourg, and Austria. The Philadelphia-headquartered business
employs over 700 people and will continue to be led by its current management
team, including Shawn Lytle, President of Macquarie Funds and Head of Americas
for Macquarie Group.

Diversification Strategy

For Nomura,
Japan’s largest brokerage, the move represents a strategic pivot toward more
stable income streams and reduced reliance on volatile trading and investment
banking revenue. The firm has identified global asset management as a key
growth priority as it seeks to capitalize on Japanese individuals’ increasing
appetite to invest their estimated $15.8 trillion in financial assets.

The
acquired business brings established distribution networks in both retail and
institutional segments, with a presence on nine of the top ten retail
distribution platforms in the U.S. About half of its clients are retail
investors, while approximately 35% are insurers.

“This
transaction will accelerate the expansion of our global Investment Management
business and will be a significant step in building a truly global
franchise,” said Chris Willcox, Nomura’s Chairman of the Investment
Management Division.

The deal is
expected to close by the end of 2025, subject to regulatory approvals and
customary closing conditions. Nomura indicated that the financial impact of the
acquisition
Acquisition

Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There

Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
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