Nomura Holdings (TYO:8604) is acquiring Macquarie's US and European public asset management business for $1.8 billion in cash, adding approximately $180 billion in client assets.

The deal includes three target companies and is expected to close by year-end, pending regulatory approvals, according to its Tuesday bourse filing.

Post-acquisition, Nomura's Investment Management Division will oversee around $770 billion in assets, with over 35% managed for non-Japanese clients.

Nomura gains a scaled operational base in Philadelphia, positioning it to further expand its international investment management business and diversify revenue streams beyond Japan.

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