Macquarie Asset Management (“MAM”) has been making strategic moves to expand its global presence in real estate and private equity. The asset management firm has recently closed on investment transactions and formed partnerships with various companies in different industries.
In a recent announcement, Pavlov Media has closed an investment transaction with MAM for an unspecified preferred equity investment. Pavlov Media is a broadband, voice, and television services provider that serves over 35 states in the US. The investment is expected to help Pavlov Media expand its services and reach.
MAM has also announced that Macquarie Real Estate Partners (“MREP”), a global opportunistic real estate fund, has acquired a 22-building, 1.4-million-square-foot logistics portfolio in the US. The acquisition is part of MREP’s strategy to invest in high-quality logistics properties in key US markets.
To reinforce its US presence, MAM has also announced that its group head will relocate to New York City by the end of the year. This move is expected to strengthen MAM’s relationships with clients and partners in the region.
In the waste and recycling industry, MAM and US private equity group KKR & Co Inc are among the potential bidders for a UK-based waste-to-energy company. The company, Viridor, is expected to be sold for up to £4 billion. MAM and KKR have not commented on the potential acquisition.
In the ETF industry, BondBloxx has reached $1 billion in assets under management (AUM) one year after listing its first ETFs on the NYSE. The company has also announced a partnership with MAM to provide investment management services for its ETFs. The strategic equity investment by MAM into BondBloxx was advised by Ropes & Gray.
In the transportation industry, Clairvest Group Inc. has announced a partnership with MAM and Clairvest Equity Partners V to acquire Dicom Transportation Group (“DTG”). DTG is a Canadian-based transportation and logistics company that provides services for the US and Canadian markets. The acquisition is expected to help DTG expand its services and reach.
Macquarie Group Limited, the parent company of MAM, has also been making moves in the global financial services industry. The company provides clients with asset management, leasing, and asset financing services. Macquarie has recently opened a new office in Santiago, Chile to expand its presence in Latin America.
