Janus Henderson Group plc (NYSE: JHG) and Intech Investment Management LLC disclosed that Intech's management team will buy the company from Janus Henderson. As part of the agreement, Intech will form a new board of directors directed by Churchill Franklin, co-founder, and former CEO of Acadian Asset Management.
Intech will become an autonomous company after the acquisition is completed. This acquisition will enhance Intech’s synchronization with clients and enable extra freedom to deliver excellent value to customers, collaborators, workers, and all stakeholders. The company's founder, workers, and board members will own 100% of Intech.
Furthermore, after becoming a fully autonomous company Intech is in the ideal place to focus on portfolio management and research, enhance investment outcomes for clients, and deliver long-term value to its stakeholders. Intech has a 35-year successful record working as an independently managed company, and in this new chapter, Intech is well-positioned to continue its position as a leader in quantitative investing.
The company's asset management strategy will remain unchanged as a result of the acquisition. Additionally, Intech will continue to evolve the investing strategy that its founder created in 1987. Intech and Janus Henderson will ink transition services arrangement to help guarantee seamless continuity in operations and client service. The transaction is likely to finalize before the end of the first half of 2022. The companies have not revealed the terms and conditions of the agreement.