By Andrei Skvarsky.
Global asset manager Janus Henderson will acquire Europe-focused exchange-traded fund (ETF) provider Tabula Investment Management, the two companies have announced.
Tabula’s arm Tabula Capital is not part of the buyout and will remain a separate entity, Tabula and Janus Henderson said in a joint statement.
Janus Henderson expects that, owing to the acquisition, whose financial terms have not been disclosed and which is expected to close in the second quarter of 2024, its funds will become eligible to be covered by the European Union’s Undertakings for the Collective Investment in Transferable Securities (UCITS) directive.
The directive allows a collective investment scheme to operate in any EU country if it has been authorised in just one member state.
The European ETF market is growing considerably and mirroring trends in the United States, the two London-headquartered companies said in their statement.
Tabula has more than $500m in assets under management, runs funds listed on ten European exchanges and has clients in 15 countries, the statement said.
Janus Henderson is the world’s fourth-largest provider of active fixed income ETFs by assets under management.
The Cavendish advisory firm was the lead adviser to Tabula on the deal. Tabula Investment Management founders David Peacock and John Weiss will remain Tabula Capital’s chief executive and chief investment officer respectively, the statement said.
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