Janus Henderson Stock Rises. The Asset Manager Is Being Taken Private in $7.4 Billion Deal.

Nelson Peltz’s Trian Fund Management has held a stake in Janus Henderson since 2020. (Photograph by Patrick T. Fallon/Bloomberg)

Key Points

• Janus Henderson Group rises after agreeing to a $7.4 billion take-private deal at $49 a share.
• The acquisition price of $49 a share represents a premium of 18% over the closing price before the proposal was disclosed.
• Nelson Peltz’s Trian Fund Management, holding 20.6% of shares, is part of the investment group acquiring Janus Henderson.

Shares of Janus Henderson Group jumped Monday after the asset-management company agreed to a $7.4 billion take-private deal.

Nelson Peltz’s Trian Fund Management and General Catalyst Group Management will acquire Janus Henderson in an all-cash deal worth $49 a share. Insurer MassMutual, Hong Kong investment company Sun Hang Kai & Co., and Qatar’s sovereign-wealth fund, the Qatar Investment Authority, also are part of the investor group.

U.S.-listed Janus Henderson shares rose 3.4% to $47.59 on Monday. The acquisition price of $49 a share represents a 18% premium on the London-based asset manager’s closing price before it disclosed the acquisition proposal in October.

Trian currently holds 20.6% of Janus Henderson’s shares outstanding. The activist investment company has owned a portion of Janus Henderson since 2020 and has held a position on the board since 2022.

Current Janus Henderson CEO Ali Dibadj will continue as chief executive, the company said. The deal is expected to close in mid-2026.

“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,” Dibadj said in a statement.

Janus Henderson had $483.8 billion in assets under management as of September, having bounced back after a slow start to the 2020s. Annual revenue fell 20% in 2022 and another 4.6% in 2023, but both metrics rose last year. They are on pace to increase again in 2025.

Write to Nate Wolf at nate.wolf@barrons.com