M&A Deal Summary

Macquarie Capital Acquires Waddell & Reed Financial

On December 3, 2020, private equity firm Macquarie Capital acquired financial services company Waddell & Reed Financial for 1.7B USD

Acquisition Highlights
  • This is Macquarie Capital’s 4th transaction in the Financial Services sector.
  • This is Macquarie Capital’s 4th largest (disclosed) transaction.
  • This is Macquarie Capital’s 8th transaction in the United States.
  • This is Macquarie Capital’s 1st transaction in Kansas.

M&A Deal Summary
Date 2020-12-03
Target Waddell & Reed Financial
Sector Financial Services
Buyer(s) Macquarie Capital
Deal Type Going Private
Deal Value 1.7B USD
Advisor(s) J.P. Morgan Securities
Wells Fargo Securities (Financial)
Norton Rose Fulbright (Legal)

Target

Waddell & Reed Financial

Overland Park, Kansas, United States
Entrance to Waddell & Reed's corporate headquarters in Overland Park, Kansas.
Entrance to Waddell & Reed's corporate headquarters in Overland Park, Kansas.
Waddell & Reed Financial, Inc. is an asset management and financial planning firm serving individuals and institutional investors. Waddell & Reed was formed in 1937 and is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

Macquarie Capital

Investor Investor

Category Private Equity Firm
Size Mega
Type Sector Agnostic
DESCRIPTION

Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.

DEAL STATS #
Overall 20 of 29
Sector (Financial Services) 4 of 4
Type (Going Private) 1 of 1
State (Kansas) 1 of 1
Country (United States) 8 of 11
Year (2020) 2 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-30 Multifuels Midstream Group

Houston, Texas, United States

Multifuels Midstream Group LLC is an operator and developer of midstream projects in North America, with an emphasis on lateral distribution gas pipelines. Multifuels Midstream Group is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Premier Technical Services Group

Castleford, United Kingdom

Premier Technical Services Group (PTSG) is a provider of specialist services to the FM and construction sectors, offering a range of industry-leading services across its four divisions: PTSG Access & Safety Ltd, PTSG Electrical Services Ltd, PTSG Building Access Specialists Ltd, and PTSG Fire Solutions Ltd. The company's highly-trained teams offer full UK coverage to clients in all industries. Premier Technical Services Group was formed in 2007 and is headquartered in Castleford, United Kingdom.

Buy -
Mergr

Product

Company

Legal