Trian, General Catalyst to Buy Janus Henderson for $7.4B

Core Viewpoint - Trian Fund Management and General Catalyst are acquiring Janus Henderson Group Plc for approximately $7.4 billion, with shareholders set to receive $49 per share in cash, an increase from the previous offer of $46 per share [1][2]. Group 1: Acquisition Details - The acquisition price of $7.4 billion reflects a significant premium for Janus Henderson shareholders, indicating a strategic move by Trian Fund Management [1]. - Shareholders will receive $49 per share, which is a notable increase from the earlier offer of $46 per share made in October [1]. Group 2: Background on Trian's Investment - Trian Fund Management has been involved with Janus Henderson for five years, during which it has influenced management changes and strategic direction to stabilize client retention following a problematic merger in 2017 [2]. - Trian first disclosed its investment in Janus Henderson in October 2020, marking a long-term commitment to the asset manager [2]. Group 3: Buyer Group Composition - The buyer group for Janus Henderson includes not only Trian Fund Management and General Catalyst but also the Qatar Investment Authority and Sun Hung Kai & Co., indicating a diverse consortium of investors [2].