Wealth DFM, Portfolio Adviser and Investment Week quote Charlie Ring on Victory Capital's new bid for Janus Henderson
min readThe bidding war over global asset management firm Janus Henderson has escalated, with Victory Capital submitting an improved offer that would see shareholders receive an additional $10 per share. Both of Victory Capital's bids value Janus Henderson at $8.6bn, a higher total value than the rival all-cash offer made by Trian Fund Management and General Catalyst.
Having had its first approach rejected, Victory Capital said that it was launching a renewed effort to purchase. But what makes this particular push for a takeover so significant?
Charlie Ring, Partner in our Financial Services Regulation & Funds team, comments in Wealth DFM, Portfolio Adviser and Investment Week:
The bidding war is notable for the head-to-head competition between a strategic buyer and a financial buyer consortium and the outcome of this contest may well influence how future financial services deals are structured, valued and contested in the future - particularly in relation to the relative premiums that strategic versus financial buyers are willing to pay and the level of certainty each can offer on execution.
Read the full articles in Investment Week, Wealth DFM, and Portfolio Adviser.
