Nelson Petz, Founding Partner and CEO of Trian Partners, speaking at the 14th CNBC Delivery Alpha Investor Summit in New York City on Nov. 13th, 2024.
Adam Jeffery | CNBC
Asset manager Janus Henderson agreed to be acquired by investors Trian Fund Management and General Catalyst, the companies announced Monday.
Trian and General Catalyst will pay $49 per share in cash, valuing Janus at about $7.4 billion. That represents a 6.5% premium from Friday’s close and is about 18% above the stock’s closing level on Oct. 24. The Wall Street Journal reported on Oct. 27 that Trian and General had approached Janus about a takeover.
The deal is expected to close in mid-2026, they said.
Activist investor Trian has been an investor in Janus since late 2020. In that time, the stock has roughly doubled. Trian also has two representatives on the company’s board.
With the acquisition, “we see a growing opportunity to accelerate investment in people, technology, and clients,” Trian CEO Nelson Peltz said in a statement.
Janus Henderson CEO Ali Dibadj said: “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.
Trian shares ticked more than 3% higher on the news.
JHG 5-day chart