---
schema_version: "secwatch.filing_event.v1"
accession: "0001056288-21-000019"
form_type: "8-K"
ticker: "FHI"
cik: "0001056288"
company_name: "FEDERATED HERMES, INC."
filed_at: "2021-08-18T23:59:59+00:00"
generated_at: "2026-06-29T09:06:23.087357+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Federated Hermes to acquire remaining 29.5% stake in Hermes Fund Managers for £116.5M

## Summary
- Purchase price of £116.5M (~$161.5M) for BTPS's 29.5% interest; HFML valuation set at £394.9M.
- Closing expected Aug 31, 2021; funded via cash on hand and existing credit facility.
- BTPS remains a significant client with $12.0B AUM in Federated Hermes products post-closing.
- Employee benefit trust continues to hold approx 10% of HFML for management and key employees.
- HFML AUM grew to £43.9B since acquisition of majority interest in 2018.

## SEC filing metadata
- accession: 0001056288-21-000019
- form_type: 8-K
- ticker: FHI
- cik: 0001056288
- company_name: FEDERATED HERMES, INC.
- filed_at: 2021-08-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056288/000105628821000019/0001056288-21-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056288/000105628821000019/fhi-20210818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001056288-21-000019
- JSON: https://secwatch.observer/filing/0001056288-21-000019.json
- Plain text: https://secwatch.observer/filing/0001056288-21-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.