Wolf Theiss advises Nomura on its acquisition of Macquarie’s US and European public asset management business

Vienna, 9 December 2025 – Wolf Theiss advised Nomura on the successful completion of its acquisition of Macquarie Asset Management’s public investments business in North America and Europe.

On 1 December 2025 (Japan Standard Time (JST)) / 30 November 2025 (Eastern Standard Time (EST)), Nomura announced the closing of the acquisition, valued at USD 1.8 million. The acquisition adds approximately USD 166 billion (as of 31 October 2025) in retail and institutional client assets across equities, fixed income and multi-asset strategies to Nomura’s global Nomura Asset Management brand.

Nomura will integrate the acquired assets with its private markets business, Nomura Capital Management (NCM), and its high yield business, Nomura Corporate Research and Asset Management (NCRAM), under the newly formed Nomura Asset Management International, part of Nomura Asset Management.

Under the terms of the agreement, Nomura acquired three entities from Macquarie in a 100% stock purchase transaction, comprising Macquarie Management Holdings, Inc., a Delaware corporation, which owns the public asset management business in the U.S.; Macquarie Investment Management Holdings (Luxembourg) S.à r.l.; and Macquarie Investment Management Holdings (Austria) GmbH, the sole shareholder of Macquarie Investment Management Kapitalanlage Austria AG.

“It was a privilege to support Nomura on this global transaction and to contribute to the successful delivery of a complex, multi-jurisdictional mandate.”

– Christine Siegl, Wolf Theiss

The Wolf Theiss Austria team was led by Partner Claus Schneider and Counsel Christine Siegl (both Banking & Finance, Corporate/M&A) and also involved members of other teams, including Partner Stefan Wartinger and Senior Associate Vanessa Horacek (both Merger Control/FDI), Partners Florian Kusznier and Christopher Juenger (both Corporate/M&A) and Partner Matthias Unterrieder and Senior Associate Sarah Haubmann (both Employment).