Trian Partners and General Catalyst have agreed to buy asset manager Janus Henderson Group for US$7.4 billion (A$11.2 billion).
Janus Henderson shareholders will receive $49 per share in cash, an 18% premium to the company’s closing price on 24 October, which was the last trading day before news of an initial proposal from Trian and General Catalyst became public.
Trian, an investment firm with significant experience investing and operating in the asset management sector, owns 20.6% of the company’s outstanding shares and has been a shareholder since 2020 with Board representation since 2022.
General Catalyst is a global investment and transformation company with a focus on applying AI to enhance business operations.
The investor group includes strategic investors Qatar Investment Authority and Sun Hung Kai & Co. Limited, among others, all of whom are excited to partner with the company, its employees, and clients.
The transaction is expected to close in mid-2026 and is subject to customary closing conditions, including receipt of applicable regulatory approvals, client consents, and approval by Janus Henderson’s shareholders.
Janus Henderson shares (NYSE: JHG) $1.43 (3.11%) higher at $47.45, capitalising the company at $7.33 billion.
