M&A
confidence high
sentiment positive
materiality 0.75
Janus Henderson to acquire majority stake in Victory Park Capital, a $6B private credit manager
JANUS HENDERSON GROUP PLC
- Acquisition consideration: ~$34M in JHG common stock (964,058 shares at $35.30) plus cash; earnout up to $27.8M in stock in 2027.
- VPC has ~$6B AUM and $10.3B invested since inception; specializes in asset-backed private credit.
- Deal expected to close Q4 2024; neutral-to-accretive to EPS in 2025.
- VPC complements Janus Henderson's $36.3B securitized credit franchise and insurance offerings.
- Deal includes options to purchase remaining minority interest over three-year rolling period starting 2029.