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Wall Street raider launches £5bn takeover of City fund manager
Yahoo Finance· 2025-10-27 17:30
Core Viewpoint - Nelson Peltz, through Trian Fund Management, has made a £5.3 billion ($7 billion) bid to acquire Janus Henderson, aiming to take the company private and mitigate risks associated with market volatility and geopolitical dynamics [1][8]. Group 1: Bid Details - The bid involves acquiring the remaining 80% of Janus Henderson that Trian does not already own, as Trian currently holds approximately 20% of the company [2]. - Trian has partnered with General Catalyst, a US private equity firm, to finance the acquisition [3]. Group 2: Company Background - Janus Henderson manages $450 billion of investor assets and has a workforce of 2,000 employees [4][9]. - The company was formed from the merger of Henderson Group and Janus and is headquartered in London [9]. Group 3: Market Context - Peltz's offer of $46 per share is significantly higher than the share price in April, which was just above $30, influenced by market conditions related to geopolitical events [8]. - The S&P 500 has recently reached record highs, providing a favorable environment for shareholders to realize profits [8][9]. Group 4: Activist Involvement - Peltz has been an activist investor at Janus for five years, focusing on reversing significant outflows from the company [10]. - Trian's involvement has included the ousting of former CEO Dick Weil and the installation of current CEO Ali Dibadj [11].