Trian and General Catalyst Buy Janus Henderson for $7.4B


Nelson Peltz’s Trian Fund Management and General Catalyst agreed to buy asset manager Janus Henderson Group Plc for about $7.4 billion.

Shareholders will receive $49 a share in cash, up from $46 a share that the investors offered in October, according to a statement Monday. Trian already owns 20.6% of Janus Henderson’s shares.

The move is the latest dramatic turn in Trian’s five-year investment in Janus Henderson, which saw the activist investor oust previous management while pushing the fund manager to stop bleeding clients following the troubled merger that created the firm in 2017. Trian first disclosed its investment in Janus Henderson in October 2020.

The buyer group also includes Qatar Investment Authority and Sun Hung Kai & Co.

 





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