Macquarie to acquire Luxembourg equity boutique
Macquarie Investment Management, the investment management division of Australian Macquarie Group is set to acquire Luxembourg-based ValueInvest Asset Management, which specialises in global and Japanese equities.
As part of the agreement, ValueInvest’s 17 person strong team which currently manages €4bn in assets will become part of Macquarie’s multiboutique equity structure. ValueInvest will remain under the leadership of CEO Jesper Alsing, with John Leonard, global head of equities for Macquarie Investment Management in charge of the group’s multiboutique structure.
Ben Bruck, global head of Macquarie Investment Management comments on the deal: “Investors today need skilled active managers across a diverse range of asset classes. Part of our strategy is to selectively expand and strengthen our global capabilities by adding the best investment talent to the business.”
Macquarie already has a presence in the Grand Duchy, with the acquisition it aims to expand its global equities offering in Europe. Both parties expect to finalise the acquisition by mid-2018, the financial terms of the agreement were not disclosed.