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Investment management companies merge
Judgment in on ASIC application against Aussie firm:

Investment management companies merge

Alex Ding, Lander & Rogers

A national firm has advised Henderson Group on the Australian aspects of its merger of equals with Janus Capital Group.

Firms: Lander & Rogers (Henderson Group plc); Skadden, Arps, Slate, Meagher & Flom (Janus Capital Group Inc)

Deal: Henderson Group plc and Janus Capital Group Inc have merged.

Value: $7.9 billion market capitalisation

Area: M&A

Key players: The Lander & Rogers team was led by partner Alex Ding (pictured), with assistance from senior associate Jared Smith and lawyers Jennifer Goh, Hugh Lyons, Stella Lee and Shaun Rich.

Deal significance: Global investment management company Henderson Group plc and American investment firm Janus Capital Group Inc have completed a merger of equals to become Janus Henderson Global Investors plc.

Following the merger, Janus Henderson Global Investors plc will be worth US$6 billion (AU$7.9 billion), with assets under management of over US$320 billion (AU$424 billion).

The cross-border deal, which was completed on 3 October, spanned England and Wales, the US and Australia. The new firm will have about 2,300 employees at 29 locations worldwide.

Janus Henderson Global Investors plc will keep its ASX listing and list on the New York Stock Exchange, but will cancel its listing on the London Stock Exchange.

“This is an important strategic transaction for our client Henderson, which sees great value in the combination of dominant stakes in complementary markets,” said Alex Ding, lead partner for Lander & Rogers.

“Janus brings a strong platform in the US and Japanese markets, which is complemented by Henderson's strength in the UK and European markets.”

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