Jupiter acquires Merian Global Investors for £390m

clock • 4 min read

Updated: UK-based fund house Jupiter Fund Management has acquired Merian Global Investors in a deal worth £390m. The combined group will have £66.5bn in AuM.  Jupiter will pay £370m in equity through the issue of 95m new shares, with a deferred sum of £20m subject to Merian meeting specific targets. Once the deal is approved, Merian shareholders will own 17% of Jupiter's enlarged share capital.  Andrew Formica, Jupiter CEO said: "This is an exciting acquisition that enhances our position as a leading UK asset manager, provides increased scale and diversification into attractive pro...

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.