Macquarie Investment Management, the investment management division of the Macquarie Group, a major Australian financial services firm, announced on 12 March 2018 that it has entered into an agreement to acquire Luxembourg-based ValueInvest Asset Management.
ValueInvest is a specialised asset management business which pursues a unique value-oriented investment strategy across global and Japanese equities, according to Macquarie’s press release. The business is based in the grand duchy and has approximately €4 billion in assets under management as at 31 December 2017.
The deal is expected to close in mid-2018. Terms were not disclosed.
Founded in 1998, ValueInvest brings a team of 17 professionals to Macquarie and will continue to be led by its CEO Jesper Alsing and Jens Hansen, its chief investment officer. ValueInvest will join Macquarie’s multi-boutique equity structure led by John Leonard, global head of equities for Macquarie Investment Management.