Macquarie Investment Management, part of Macquarie Group, has completed the acquisition of Luxembourg-based ValueInvest Asset Management.

The deal, whose financial terms were not disclosed, was first announced in March this year.

ValueInvest, established in 1998, is a value-oriented investment manager specialising in global equities. The firm managed €3.7bn in assets at the end of March 2018.

A total of 17 ValueInvest employees, including CEO Jesper Alsing and CIO Jens Hansen, will join Macquarie as part of the deal.

Macquarie Investment Management global head Ben Bruck said: “We are pleased to extend our investment capabilities in global equities – a large and increasingly important asset class sought after by clients.

“The team’s long-term, high-conviction, value-oriented investment approach is grounded in fundamental research, and we anticipate that they will be a great fit with the Macquarie investment culture and with our global client base.”

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