Janus Henderson Group (JHG) Target Reset After $7.4B Take-Private Deal

Core Viewpoint - Janus Henderson Group plc (NYSE:JHG) is set to be taken private by Trian Fund Management and General Catalyst for an equity value of $7.4 billion, or $49 per share, reflecting a premium over recent stock prices [2][4]. Group 1: Acquisition Details - The acquisition price of $49 per share represents a 6.5% premium to the stock's closing price on December 19 and an approximately 18% premium to the closing price on October 24 [4]. - The deal is expected to close in mid-2026, with Trian having been an investor in Janus since late 2020, during which time the stock has roughly doubled [4]. Group 2: Market Analysis - Evercore ISI lowered its price target for Janus Henderson to $49 from $50, maintaining an In Line rating, indicating that the acquisition price may not reflect the highest possible multiple for the company [2][3]. - The firm noted that while Janus has experienced six consecutive quarters of organic growth, there is no guarantee this trend will continue, making the transition to a private company appealing for its potential operational flexibility [3]. Group 3: Company Overview - Janus Henderson Group is a British-American global asset management firm headquartered in London, providing investment products to individual investors, financial advisors, and institutions worldwide under the Janus Henderson Investors brand [5].