Asset manager Janus Henderson gets bought by Trian, General Catalyst for $7.4 billion

asset manager Janus Henderson An agreement has been reached on the acquisition by investors Trian Fund Management and General Catalyst, the companies announced Monday.

Trian and General Catalyst will pay $49 per share in cash, valuing Janus at approximately $7.4 billion. This represents a 6.5% premium to Friday’s close and is approximately 18% above the stock’s Oct. 24 closing level. The Wall Street Journal reported on October 27 that Trian and General approached Janus about the acquisition.

The deal is expected to be completed in mid-2026, they said.

Activist investor Trian has been an investor in Janus since late 2020. The stock has nearly doubled in that time. Trian also has two representatives on the company’s board of directors.

With the acquisition, “we see a growing opportunity to accelerate investment in people, technology and customers,” Trian CEO Nelson Peltz said in a statement.

Janus Henderson CEO Ali Dibadj said: “With this partnership with Trian and General Catalyst, we are confident we can further invest in our product offerings, customer service, technology and capabilities to accelerate our growth.

Trian shares gained more than 3% on the news.