Waddell & Reed Financial
2021
Outcome
Added $68 billion in US assets under management to Macquarie Asset Management, substantially scaling US mutual fund operations.
Macquarie Group
Acquisitions
Macquarie Group Acquisitions
3
Major Deals Covered
What are Macquarie Group's biggest acquisitions?
This page covers 3 major deals from 2017 to 2021, each with its price where disclosed and the reason behind it.
- Major deals covered
- 3
- First deal
- 2017
- Most recent
- 2021
| Company | Year | Price | Purpose |
|---|---|---|---|
| Green Investment Bank (GIB) | 2017 | Undisclosed | Acquired UK government's green investment entity to create a world-leading renewable energy development and financing platform. |
| Waddell & Reed Financial | 2021 | Undisclosed | Acquired US asset management firm to expand US retail mutual fund distribution footprint, selling its wealth advisory arm to LPL Financial. |
| Central Australia Railway / Genesee & Wyoming Australia Stakes | 2019 | Undisclosed | Acquired premier freight rail infrastructure assets across South Australia and the Northern Territory. |
- What companies has Macquarie Group bought?
- Major acquisitions by Macquarie Group documented here include Waddell & Reed Financial (2021), Central Australia Railway / Genesee & Wyoming Australia Stakes (2019) and Green Investment Bank (GIB) (2017).
- What is Macquarie Group's most recent acquisition?
- The most recent Macquarie Group acquisition documented here is Waddell & Reed Financial, in 2021.
Central Australia Railway / Genesee & Wyoming Australia Stakes
2019
Outcome
Expanded core infrastructure portfolio, generating stable inflation-linked transportation revenue across Australian export corridors.
Green Investment Bank (GIB)
2017
Outcome
Transformed into the Green Investment Group (GIG), managing over 90 GW of global green energy and energy transition developments.
Macquarie Group's Growth & Acquisition Strategy
Macquarie's growth strategy is tightly linked to the multi-trillion-dollar global energy transition, digital infrastructure buildout, and Australian retail banking market share gains. Through its dedicated Green Investment Group (GIG), Macquarie is developing and financing over 90 gigawatts of renewable energy capacity worldwide, including offshore wind, utility-scale solar, battery storage, and green hydrogen projects. In digital infrastructure, Macquarie is deploying tens of billions of institutional capital into hyperscale data centers, fiber networks, and telecommunications towers across North America, Europe, and Asia-Pacific. Domestically, Macquarie's cloud-based digital retail bank continues to aggressively capture Australian mortgage and SME deposit market share from the traditional "Big Four" Australian banks.
How Macquarie Group Makes Money
Macquarie Group operates a diversified two-pillar revenue architecture. Its Annuity-style businesses (Macquarie Asset Management and Banking & Financial Services) generate stable recurring earnings through base management fees on real asset funds, performance fees upon successful asset realizations, and net interest income from Australian residential mortgages and business deposits. Its Markets-facing businesses (Commodities & Global Markets and Macquarie Capital) generate opportunistic, highly lucrative profits through commodity trading margins, client hedging spreads, financial structuring fees, M&A advisory retainers, equity underwriting commissions, and capital gains realized on principal equity balance sheet investments.
Macquarie Group Acquisitions FAQ
Does Macquarie Group acquire other companies?
Yes, Macquarie Group executes targeted acquisitions to integrate complementary technologies, expand intellectual property, and enter new market verticals.
What is Macquarie Group's acquisition strategy?
Macquarie Group focuses on bolt-on acquisitions that can be rapidly integrated into its core technology architecture and commercial distribution channels.
How does Macquarie Group fund its acquisitions?
Acquisitions are typically funded through cash from operations, revolving credit facilities, and strategic equity considerations.
What was one of Macquarie Group's notable acquisitions?
Macquarie Group has acquired specialized technology assets that enhance its core platform capabilities and expand its addressable customer base.
How does Macquarie Group handle post-merger integration?
By migrating acquired codebases into its unified cloud infrastructure and retaining key engineering talent within specialized innovation pods.
Are acquisitions a primary or secondary growth driver?
Inorganic growth is secondary to robust organic product development, serving as a tactical accelerator for specific strategic capabilities.
Explore Macquarie Group
Core profile pages, founders and related research hubs for this company.