Janus (JNS) to merge with British firm Henderson, forming asset management giant

Janus Capital Group and Henderson Group said on Monday that they would merge in an all-stock deal that would create an asset manager with greater global scale and about $320 billion of assets under management.

    

The combined company — to be called Janus Henderson Global Investors — would be worth about $6 billion based on market capitalization.

 

Janus, which lured William H. Gross after he left Pimco two years ago, is strong in North America, and it has $149 billion in assets under management in the United States. Henderson, which is based in London, is a large investment manager in Europe with about $91 billion in assets under management in Britain and Continental Europe.

Together they plan to apply to trade on the New York Stock Exchange but would also keep Henderson’s listing on the Australian Securities Exchange. After the merger, Henderson would drop its listing in London.