Henderson, Janus to Form Asset Management Giant

Henderson Group headquarters at 201 Bishopsgate in London. The combined company will be headquartered there post-merger.

LONDON—Two of the world’s largest asset management firms have agreed to combine in an all-stock merger. Henderson Group plc, headquartered here, and Denver-based Janus Capital Group Inc. will manage a combined US$320 billion of assets globally, with commercial property equities among their spheres of activity.

To be known as Janus Henderson Global Investors plc, the combined company will have a market capitalization of approximately US$6.6 billion. Its AUM by region on a pro forma basis will be approximately 54% in the Americas; 31% EMEA; and 15% in the Pan Asian region. It would have had pro format revenue of more than US2.2 billion and underlying EBITDA of approximately US$700 million for the year ended Dec. 31, 2015.