Trian, General Catalyst Scoop Up Janus Henderson for $7.4 Billion

In the asset management world, big fish are eating smaller fish. Sometimes that smaller fish is a very large marlin. Trian Fund Management and General Catalyst agreed yesterday to buy Janus Henderson for $7.4 billion. They’ll pay an 18% premium for Janus’s shares compared to what they were trading at before the deal went public. The deal, which is expected to close in the middle of next year, will take Janus, and its $484 billion in managed assets, off the NYSE. Trian and General Catalyst said going priv ...