Jupiter Fund Management to Acquire Merian Global Investors

February 19, 2020

On February 17, 2020, Jupiter Fund Management plc announced an agreement to acquire Merian Global Investors Limited.

Pursuant to the agreement, Jupiter Fund Management plc (“Jupiter”) will acquire Merian Global Investors Limited (“Merian”). Jupiter will pay £370 million through the issuance of new stock to Merian shareholders and an additional deferred earn-out. TA Associates Management, which has owned Merian since 2018, will retain a 16% stake in Jupiter after the deal and receive a seat on the board. Merian fund managers Buxton, Ian Heslop, Amadeo Alentorn, Daniel Nickols, and Richard Watts will join Jupiter with their respective teams. The deal is expected to close in the second half of 2020, subject to customary closing conditions.

Jupiter, based in London, is a high-conviction active asset management firm. As of September 30, 2019, Jupiter has £45.1 billion in assets under management.

Merian, based in London, is a specialized asset management firm focusing on global and United Kingdom equities. As of December 31, 2019, Merian has £22.4 billion in assets under management.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions