Macquarie Group Buys Delaware Investments for $428 million

by Drea Knufken August 19, 2009, 9:11 am 358 Views

Macquarie Group Ltd., an Australian financial services group/investment bank, will pay Lincoln Financial Group $428 million to acquire Delaware Investments. CNNMoney has more:

In a statement, Macquarie Group said the acquisition, which is subject to regulatory approvals, is consistent with its strategy to develop a global asset management capacity.

Macquarie said Delaware, which provides investment services to retail and institutional investors, has more than US$125 billion in assets under management.

The deal will push Macquarie’s total assets under management to more than US$ 300 billion.

The Financial Times says that this is Macquarie’s largest acquisition to date.

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Written by Drea Knufken

Currently, I create and execute content- and PR strategies for clients, including thought leadership and messaging. I also ghostwrite and produce press releases, white papers, case studies and other collateral.