Janus Henderson, a prominent asset manager, will be acquired by investors Trian Fund Management and General Catalyst, as first reported by CNBC. The deal, valued at approximately $7.4 billion, has Trian and General Catalyst paying $49 per share in cash. This price represents a 6.5% premium over Janus' closing price on Friday and nearly 18% above the stock's closing price on October 24.
The Wall Street Journal disclosed on October 27 that Trian and General Catalyst had previously approached Janus regarding a potential acquisition. The completion of the transaction is anticipated by mid-2026.
Since late 2020, Trian has been an investor in Janus, during which time the company's stock value has nearly doubled. Trian also holds two positions on Janus' board of directors.
Nelson Peltz, CEO of Trian, remarked on the acquisition, stating, "We see a growing opportunity to accelerate investment in people, technology, and clients." Ali Dibadj, CEO of Janus Henderson, added, "With this partnership with Trian and General Catalyst, we are confident that we will be able to further invest in our product offering, client services, technology, and talent to accelerate our growth."
Following the announcement, shares of Janus saw an increase of over 3%.