---
schema_version: "secwatch.filing_event.v1"
accession: "0001056288-21-000021"
form_type: "8-K"
ticker: "FHI"
cik: "0001056288"
company_name: "FEDERATED HERMES, INC."
filed_at: "2021-08-31T23:59:59+00:00"
generated_at: "2026-06-29T06:38:59.188761+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Federated Hermes completes acquisition of remaining 29.5% stake in Hermes Fund Managers for £116.5M

## Summary
- Paid £116.5M (~$161.5M) for BTPS's 29.5% interest in HFML, using cash and credit facility.
- BTPS no longer holds any ownership or board seat in HFML; remains a client with $12B AUM.
- Hedged GBP payment via forward contract: £117.1M at 1.386345, settling $162.3M on Aug 31, 2021.
- FHI now owns ~90% of HFML; remaining ~10% held in employee benefit trust.
- Option Deed and Shareholders' Agreement terminated upon closing.

## SEC filing metadata
- accession: 0001056288-21-000021
- form_type: 8-K
- ticker: FHI
- cik: 0001056288
- company_name: FEDERATED HERMES, INC.
- filed_at: 2021-08-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056288/000105628821000021/0001056288-21-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056288/000105628821000021/fhi-20210831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001056288-21-000021
- JSON: https://secwatch.observer/filing/0001056288-21-000021.json
- Plain text: https://secwatch.observer/filing/0001056288-21-000021.txt

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