Yeah Baby! A Mega Deal!
Groovy baby! Austin Powers here reporting live from... well my shag pad actually. But the news is too hot to ignore! Nomura those swinging cats from Japan are dropping a bombshell. They're buying up Macquarie's U.S. and European public asset management businesses for a whopping $1.8 BILLION! That's right folks a billion with a 'B'! Do I make you horny? Because this kind of deal definitely does it for me!
Strategic Growth? Shagadelic!
Nomura says this whole shebang is about 'strategic growth'. Sounds like someone's been taking notes from Dr. Evil eh? But seriously they wanna pump up their investment management division. We're talking about boosting their assets under management from a measly $590 billion to a mind blowing $770 billion! That's enough to make even Mini Me jealous!
Macquarie Keeps the Home Fires Burning!
Now Macquarie isn't just packing up and heading to the Outback. They're keeping their public investments business in Australia. So those Aussies institutions governments and individual investors can breathe a sigh of relief. They will continue to service them...riiiight. What's this all about?
Collaboration? That's What She Said!
But wait there's more! These two financial behemoths are also teaming up for some 'product and distribution opportunities'. Nomura gets to be Macquarie's U.S. wealth distribution partner. Which means Americans will still get their hands on Macquarie's alternative investments. A little give and take baby! A little give and take...
Minimal Impact? Not My Experience!
Nomura's saying the financial impact will be 'minimal'. Right. Tell that to my bank account after a night at the casino! But hey they're promising to keep things separate and independent until the deal is sealed. Which fingers crossed should be by the end of the year. Time to party like it's 1969! Oh behave!
Prudent Due Diligence? Groovy Baby!
Nomura's CEO Kentaro Okuda says this deal is 'durable against the volatility of the market'. He claims they did a 'very prudent due diligence process'. Well good for them! I just hope they remembered to check for any hidden lairs of evil geniuses! Otherwise this could get very interesting... Very interesting indeed!
Nomura Macquarie acquisition asset management investment banking deal finance Japan Australia global
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the6wire
Yeah, baby, yeah!
waypad
Shagadelic!
arioch
Oh, behave!
mottii
Not my bag, baby!
hotpicks
Groovy!
SamsterG
Do I make you horny?
1moondancer
That's a bit too much information, Basil!
69THBLOCK
I put the grrr in swinger, baby!
hectorbanks
Is this my bag, baby?