Macquarie Group Ltd

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Macquarie Group is an Australian multinational holding company. Through its subsidiaries, it provides banking, financial, advisory, investment and funds management services. Macquarie has operations in 25 countries, and is the world's largest infrastructure asset manager.

Tax Policy: Macquarie Group is being investigated for massive tax fraud in several European countries over a long timeframe (as of 2018).ref, ref, ref, ref

Company

Corporate, Reports, AR-2018, Shareholders: p.184-5, Subsidiaries (major): p.121

Shareholders

Total float: 90.0%
Source: MarketScreener.svg, Mar.2020

Structure

  • Macquirie Group Ltd, AR-2018
    • Macquirie Financial Holdings Pty Ltd, link
    • Macquarie Corporate Holdings Pty Ltd
    • Macquarie Bank Ltd, link
    • Bilbao Offshore Holding Ltd
      • 40%: East Anglia One Ltd, owns "East Anglia One", offshore wind farm project. Scottish Power's ScottishPower Renewables (UK) Ltd holds the other 60%.

Macquarie Asset Management

Provides infrastructure and real asset management, securities investment management and personalized investment solutions over funds and listed equities. Webpage
  • Macquarie Infrastructure and Real Assets
    • Macquarie Infrastructure and Real Assets (Europe) Ltd, link
  • Macquarie Investment Management, Webpage
    • Macquarie Investment Management Business Trust, ref
  • Macquarie Specialised Investment Solutions

Macquarie Investment Management

Macquarie Investment Management, formerly Delaware Management Holdings Inc, t/a Delaware Investments, is a global asset manager with offices throughout the USA, Europe, Asia, and Australia. MIM operates through: Macquarie Investment Management Business Trust, Macquarie Funds Management Hong Kong Ltd, Macquarie Investment Management Austria Kapitalanlage AG, Macquarie Investment Management Australia Ltd, Macquarie Investment Management Global Ltd, Macquarie Investment Management Europe Ltd, Macquarie Capital Investment Management LLC, and Macquarie Investment Management Europe SA. Website

  • Delaware InvestmentsWikipedia-W.svg, Delaware FundsArchive-org-sm.svg, Delaware InvestmentsArchive-org-sm.svg
  • Apr.2017: Macquarie Investment Management: Delaware Investments was rebranded, effectively ending the original entity.ref
  • Dec.2015: Bennett Lawrence Management LLC, a New York-based investment manager, was acquired.ref,ref
  • Feb.2010:
    Deals-All-Change.svg
    Macquarie Group Ltd purchased Delaware Management Holdings Inc from Lincoln National Corporation.ref,ref,ref Delaware Investments was integrated into Macquarie's global asset management arm, Macquarie Funds Group. As part of the transaction, Delaware Investments continued managing Lincoln Financial's general account insurance assets under a long-term contract.ref Delaware InvestmentsArchive-org-sm.svg
  • Jul.2007:
    Logan-Circle-Partners.svgDeals-Arrow-Right.svg
    Logan Circle Partners LP: ~35 of Delaware Investments' employees left to join former CEO Jude T Driscoll's new investment management firm in Philadelphia.ref The business was a joint venture between Logan Circle Partners' employees and Guggenheim Partners LLC.ref,ref
  • Sept.2004:
    Mondrian-Investment-Partners.svgDeals-Arrow-Right.svg
    Delaware International Advisers Ltd,OpenCorporates-sm.svg a 99%-owned UK subsidiary of Delaware Investments, was subject to a management buyout by Hellman & Friedman LLC, along with members of the senior management team.ref On closing the transaction, the firm changed its name to Mondrian Investment Partners Ltd.ref,ref
  • May.1997: Voyageur Fund Managers was acquired from Dougherty Financial Group Inc.ref,ref
  • Jan.1995:
    Lincoln-National-Corporation.svgDeals-All-Change.svg
    Lincoln National Corporation acquired Delaware Management Holdings Inc from ??.ref,
  • 1929:
    Delaware-Investments.svg
    An Investment Counseling firm, the precursor to Delaware Investments, was founded by Admiral W Linton Nelson.refArchive-org-sm.svg,refArchive-org-sm.svg (Delaware Investments is too shy to disclose its name.)

Corporate and Asset Finance

Delivers finance and asset management solutions

Banking and Financial Services

Provides a range of personal banking, wealth management, and business banking products and services.Macquarie Bank Ltd, Macquarie Bank Services, B'berg, DDG

Commodities and Financial Markets

Provides risk and capital solutions across physical and financial markets.

Macquarie Capital

Provides corporate finance advisory and capital markets services

Green Investment Group

A Macquarie-led consortium acquired the UK Green Investment Bank plc from HM Govt for £2.3bn in Apr.2017.ref The Bank, rebranded as Green Investment Group (GIG), is one of Europe’s largest teams of green energy investment specialists.
GIG has been adopted by Macquarie Capital as its primary vehicle for principal investment in green projects in the UK and wider Europe. GIG will remain a signatory to the Equator Principles and a signatory as asset owner to the United Nations-supported Principles of Responsible Investment.(AR-2018, p.27) See also Gov.uk, and Guardian.

Philanthropy

AR-2018, p.31

Macquirie Infrastructure and Real Assets

Macquarie Infrastructure and Real Assets (MIRA) is the world’s largest infrastructure asset manager with growing portfolios in real estate, agriculture and energy.[1]

ToDo: UK Assets, DDG "macquirie consortium severn power"
  • Global portfolio
  • Infrastructure
  • Real estate
  • Agriculture
  • Energy: Since 2012, MIRA has managed a portfolio of power generation assets in England and Wales. The portfolio of 3 combined cycle gas turbine plants ... ~6% of the UK’s base power demand as of 2017.[2]
    • Baglan Bay Power Station is situated in South Wales comprising of a 489MW gas-fired combined cycle gas turbine and a 32MW GE LM2500 gas-fired combined heat and power plant.
    • Sutton Bridge Power Station is a 850MW gas-fired combined cycle power station located in Lincolnshire, England.
    • Severn Power Station is an 832MW gas-fired combined cycle power station located in Uskmouth, South Wales.
  • Insurance services

Timelines

  • Sept.2019: {{em|Premier Technical Services Group acquired in a public-to-private transactioin. PTSG is a leading UK provider of critical compliance and engineering services in infrastructure and built environment, including façade access and fall arrest equipment services, lightning protection and electrical testing, specialist building access and fire services.ref
  • 2018: Acquisition of Cargill Petroleum and Cargill North America Power and Gas were completed, expanding the energy platform. (p.61)
  • Apr.2017:
    Deals-Arrow-Left.svg
    Green Investment Bank plc was acquired from HM Government by a Macquarie-led consortium.ref
  • 2010: #Delaware Investments, a US-based asset management firm, was acquired from Lincoln Financial Group. ref
  • Macquarie Capital acted as financial adviser to a consortium comprising the Universities Superannuation Scheme, Macquarie European Infrastructure Fund 5 and UK Green Investment Bank Ltd on the £221m senior debt refinancing of a 31% stake in the 270MW Lincs offshore wind farm in the UK. (p.26)
  • Macquarie Capital and GIG partnered with GE Capital to jointly acquire, develop and operate the 650MW Markbygden onshore wind farm project in Sweden, the largest single-site wind farm in Europe. Macquarie Capital committed 50% of the equity funding to the circa €800m project. (p.26)