India, April 21 -- Nomura agreed to acquire Macquarie's U.S. and European public asset management business, with approximately US$180 billion in retail and institutional client assets across equities, fixed income and multi-asset strategies.
As per the terms of the agreement, Nomura will acquire 100% of the stock of three companies that operate Macquarie's U.S. and European public asset management business for an all-cash purchase price of US$1.8 billion. The transaction is targeted to close by the end of the calendar year.
As part of the transaction, Nomura and Macquarie have agreed to collaborate on product and distribution opportunities, including Nomura being a U.S. wealth distribution partner for Macquarie Asset Management and provid...