12:11, October 03 471 0

2016-10-03 12:11:11
Freshfields and Skadden lead on $6bn asset manager tie-up

Freshfields Bruckhaus Deringer and Skadden Arps Slate Meagher & Flom have won top roles on the creation of new asset manager Janus Henderson Global Investors.

The company, valued at $6bn (£4.7bn), will be formed in the second quarter of 2017 following the merger of Henderson Group and Janus Capital.

London-listed Henderson turned to Freshfields for advice, with a team led by corporate head Simon Marchant and partner Oliver Lazenby.

The City duo were supported by New York partners Peter Lyons, Matthew Herman and Paul Tropp, as well as London regulatory partner David Rouch.

Skadden took the lead for Henderson Group’s merger partner Janus Capital, headquartered in Denver. After the tie-up, the CEOs of both Janus and Henderson will be based in the latter’s London headquarters.

Skadden London head Michael Hatchard and M&A partner Scott Hopkins led for New York-listed Janus, alongside New York partners Ralph Arditi and David Hepp.

As a result of the merger, the new company will hold assets under management of over $320bn (£249bn).

Henderson will cancel its listing on the LSE, while Janus Henderson Global Investors instead applies to trade on the NYSE and retain Henderson’s listing on the Australian Stock Exchange.