Trian, General Catalyst to acquire Janus Henderson in $7.4bn deal

Core Viewpoint - Janus Henderson Group is set to be acquired by Trian Fund Management and General Catalyst Group Management in an all-cash deal valued at up to $7.4 billion [1] Group 1: Acquisition Details - Trian currently owns 20.6% of Janus Henderson's outstanding shares and has had board representation since 2022 [1] - Shareholders of Janus Henderson, excluding those shares owned by Trian, will receive $49 per share, representing an 18% premium over the closing price on October 24, 2025 [2] - The acquisition is expected to close in mid-2026, pending regulatory approvals and shareholder consent [3] Group 2: Management and Operations - After the acquisition, Janus Henderson will operate as a private company under the existing management team led by CEO Ali Dibadj [3] - The company will maintain its primary offices in London and Denver [3] Group 3: Strategic Implications - CEO Ali Dibadj expressed confidence that the partnership will enhance investment in product offerings, client services, technology, and talent [4] - The transaction reflects the commitment of Janus Henderson employees to the company's strategy of protecting and growing its core business [5] Group 4: Special Committee and Financing - A Special Committee of independent directors was established to evaluate the acquisition offer, which was unanimously recommended and approved by Janus Henderson's board [6] - The acquisition will be financed by investment vehicles managed by Trian and General Catalyst, along with support from a group of investors including Qatar Investment Authority and MassMutual [6][7]