Janus Henderson to acquire Antares and Fairview for $66.6B business

·       Janus Henderson acquires Antares and Fairview to form a $66.6 billion Australian funds business.

·       The corporate announcement triggered strategic portfolio expansions without immediate share price movements reported.

·       Management pursued these acquisitions to meet ongoing institutional demand for domestic equities and fixed income capabilities.

Janus Henderson Group (NYSE:JHG) agreed to acquire Antares Fixed Income, Antares Equities, and a 40% stake in Fairview Equity Partners for an undisclosed sum to lift its Australian assets under management to $66.6 billion.

The transaction more than doubles the firm's local funds from $33.4 billion recorded at the end of December.

“Aussie equities have been a space we haven’t played in for some years, but that we’ve been looking to re-enter,” said Janus Henderson Australia head Matt Gaden.

The deals add $32.5 billion from Antares and about $732 million from Fairview while returning the global asset manager to the domestic equities market.

The company stated that the acquisitions are expected to position the business to compete for a larger share of institutional and superannuation fund portfolios.

Following the announcement, the Janus Henderson Group share price was unchanged at US$45.20.

The global asset manager was previously acquired earlier this year by billionaire Nelson Peltz for about US$493 billion.