Trian Fund Management and General Catalyst Acquire Janus Henderson for a Whopping $7.4 Billion
Trian Fund Management, spearheaded by billionaire Nelson Peltz, and the renowned venture capital firm General Catalyst made a joint announcement on Monday, December 22, 2024. They revealed their agreement to acquire the asset manager Janus Henderson in an all-cash transaction, which is valued at an impressive $7.4 billion. This deal stands as a significant consolidation in the asset management industry.
As per the agreement, shareholders are set to receive $49 per share in cash. This represents an 18% premium to the stock’s closing price on October 24, 2024, which was the last trading day before the acquisition talks became public. Trian, a Janus Henderson shareholder since October 2020 and holder of 20.6% of outstanding shares, will join forces with General Catalyst to take the company private. The investor group also includes Qatar Investment Authority and Sun Hung Kai & Co. Limited.
Janus Henderson, managing approximately $457 billion in assets under management as of mid-2025, will continue its operations under the leadership of CEO Ali Dibadj. The company will also maintain its dual headquarters in London and Denver. The transaction is expected to close in mid-2026, pending regulatory and shareholder approvals. Peltz highlighted the opportunity to accelerate investment in people, technology, and client services as the company transitions to private ownership.
Source: CNBC