Macquarie Investment Management, the investment management division of Macquarie Group, has entered into an agreement to acquire Luxembourg-based ValueInvest Asset Management, with the deal expected to close in mid-2018.
ValueInvest is a specialised asset management business, which pursues “a value-oriented investment strategy across global and Japanese equities”. The business is based in the Grand Duchy of Luxembourg, and has approximately EUR 4 billion in assets under management as at 31 December 2017.
“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,” said Ben Bruck, global head of Macquarie Investment Management.
“ValueInvest will be an excellent complement to our existing high-conviction equity strategies, and we believe Macquarie’s multi-boutique equity structure and global investment platform will provide a natural fit for the ValueInvest team.”
Macquarie Investment Management has offices in the United States, Europe, Asia, and Australia.