Henderson Global Investors has made a trio of acquisitions in Australia which will add £5.7bn to its assets under management across fixed income, equities and commodities.
Henderson has agreed deals for Perennial Fixed Interest Partners (PFI) and Perennial Growth Management (PGM), including the employee-shareholders of each company, from IOOF Holdings. In a separate transaction, the fund house has fully acquired 90 West Asset Management, a £200m natural resources specialist, after increasing its ownership from 41% to 100%. Financial terms of the deals were not disclosed, but analysts at Numis estimate the total consideration amounts to around £50m. The three deals will be funded from cash resources. Andrew Formica (pictured), chief executive of Hende...
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