Macquarie Investment Management, the investment management division of Macquarie Group, is to acquire Luxembourg-based ValueInvest Asset Management SA (ValueInvest).
ValueInvest is a specialised asset management business which pursues a unique value-oriented investment strategy across global and Japanese equities. The business is based in the Grand Duchy of Luxembourg and has approximately EUR4 billion in assets under management as at 31 December 2017. The deal is expected to close in mid-2018. Terms have not been disclosed.
Ben Bruck, global head of Macquarie Investment Management, says: “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. 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.”
Founded in 1998, ValueInvest brings a team of 17 professionals to Macquarie and will continue to be led by Jesper Alsing, chief executive officer, and Jens Hansen, chief investment officer. ValueInvest will join Macquarie’s multi-boutique equity structure led by John Leonard, global head of equities for Macquarie Investment Management.
“We are excited to join a firm with a strong investment culture,” says Alsing. “We were attracted by Macquarie’s breadth and resources as a leading global asset management company which will enable us to better serve our clients. We will remain strongly aligned with our clients, focused on delivering strong risk-adjusted returns over the long term.”
Macquarie has an existing presence in Luxembourg and this acquisition reflects the business’s continued commitment to the country, in addition to its strategy to expand its global equities capabilities and distribution reach across Europe.
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