Firm Assists on Macquarie Group’s $428 Million Acquisition of Delaware Investments

Macquarie Group Ltd., Australia’s largest financial services and investment firm, announces agreement to acquire Delaware Investments, a leading U.S.-based diversified asset management firm, from Lincoln Financial Group.

On August 19, Willkie client Macquarie Group Ltd., Australia’s largest financial services and investment firm, announced that it has entered into an agreement to acquire Delaware Investments, a leading U.S.-based diversified asset management firm, from Lincoln Financial Group for $428 million in cash. Willkie served as 1940 Act counsel for Macquarie Group. Upon completion of the transaction, the combined assets under management of Macquarie Group and Delaware Investments are expected to be over $300 billion. One of the oldest asset management firms in the United States, Delaware Investments provides investment services to retail and institutional investors through a broad range of managed accounts, separate accounts, mutual funds, retirement accounts, sub-advised funds, and other investment products. Macquarie Group, with approximately 12,500 employees in more than 70 offices across 26 countries, is a global provider of banking, financial, advisory, investment and funds management services. The deal was handled by partners Daniel Schloendorn and James Silk and associates David Joire and Rachel Kuo.