Henderson set to acquire US asset manager

The firm will boost its North America business to around £10.5m once the deal is struck.

Henderson set to acquire US asset manager


Henderson said it would pay $130m (£75m) upfront, with a further $70m (£40m) if revenue and growth-related earning targets are met. 
Geneva has $6.3bn (£3.6bn) assets under management in mid and small cap US growth equities and through the acquisition will boost Henderson’s North American product offerings. 
Henderson has doubled the AUM of its North America business since 2011, and reached $10bn (£5.7bn) for the first time in May earlier this year. The deal will boost the AUM of its US division to around $18.3bn (£10.5m), representing around 15% of the group’s total business.
“Developing our presence in North America is a strategic priority for Henderson. It will increase our assets under management in the US by over 50%, add investment management expertise in US equities and extend our US institutional client base,” Andrew Formica, chief executive, commented.


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