Macquarie IM acquires ValueInvest AM

Macquarie-Group/macquarie-investment-management/

13 March 2018
| By Staff |
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Macquarie Group’s asset management subsidiary, Macquarie Investment Management has entered into an agreement to acquire specialist European-based asset manager, ValueInvest Asset Management S.A.

The transaction was announced in Europe overnight and is expected to be completed by the middle of the year.

ValueInvest was established in 1998 and describes itself as a specialist in pursuing a unique value-orientated investment strategy focused on equities, and is based in the Grand Duchy of Luxembourg. The company offers its customers two investment strategies based around global and Japanese equities. As of December 2017, it had approximately Euro 4 billion in assets under management.

The ValueInvest acquisition will add to Macquarie’s existing set of boutique structures, complementing its current arrangements with Walter Scott & Co, Arrowstreet Capital and IFP.

ValueInvest’s team of 17 staff will continue to be managed by current CEO Jesper Alsing, who will report into Macquarie Investment Management’s global head of equities, John Leonard, based in New York.

The purchase price was not disclosed by Macquarie.

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