Janus Henderson Group has obtained the regulatory clearances and client approvals needed for its planned take-private deal with Trian Fund Management and General Catalyst Group Management along with their affiliated funds.
The approvals move the transaction closer to completion after shareholders had already voted in favour of the proposal
The deal is due to complete on 30 June 2026, provided the remaining closing conditions in the definitive agreement continue to be met. Once the transaction is completed, Janus Henderson will operate as a privately held company with its shares delisted from the NYSE. Under the agreement, holders of Janus Henderson shares not already owned or controlled by Trian will receive the right to $52 a share in cash.
Janus Henderson originally sealed the deal with Trian and General Catalyst in December 2025. However, earlier this year, Victory Capital approached the special committee of Janus Henderson Group’s board with a takeover proposal that challenged the pending arrangement with Trian Fund Management. In March, Victory Capital withdrew that approach, saying its position had long been that any transaction would need the full backing of Janus Henderson’s Special Committee and would have to be agreed mutually.