Janus Henderson announces two acquisitions

Both transactions are expected to be completed in the second quarter 2024, subject to customary closing conditions, including regulatory approvals. Financial terms of the transactions are not disclosed.

Ali Dibadj, Chief Executive Officer at Janus Henderson, stated:

"We continue to execute our strategic objectives and we are extraordinarily pleased to partner with the talented professionals at both NBKCP and Tabula. These transactions represent strategic steps to amplify existing strengths and diversify where clients give us the right to win. The M&A pipeline remains active and these bolt-on acquisitions reflect only the beginning of what we believe will be several future partnerships to meet our clients' needs and support the growth of Janus Henderson”.

NBK Capital Partners

The private investments team from NBK Wealth was established in 2006 and today is a leading alternative investments advisor across private credit and private equity strategies in emerging markets including the Middle East and North Africa.

Janus Henderson has a well-established history of investing in emerging markets, showcasing capabilities in emerging market equity and, more recently, enhancing its offerings with the addition of an emerging market debt team. As investors look across the global market for differentiated investment opportunities, emerging markets remain underpenetrated for private capital solutions and therefore presents a key strategic growth area. The Company expects that partnering with NBK Wealth will provide Janus Henderson with the opportunity to tap into this rapidly expanding market where there is increasing appetite from both sovereigns and corporates. In addition to enhancing its offering to its existing clients, the partnership is also expected to provide Janus Henderson with the access to engage with new clients in the Middle East, and globally, who want to actively invest in emerging markets, thereby expanding its footprint in the region.

Janus Henderson plans to launch a number of emerging markets focused alternatives strategies in the second half of 2024.

Commenting on the NBK Capital Partners acquisition, Ali Dibadj said:

“Over our 90-year history we have continued to put client needs at the heart of everything we do. Acquiring a private investments capability means we can better serve clients who are increasingly seeking differentiated investments in private credit including evolving opportunities in emerging economies and positions us as pioneers in anticipating and embracing this long-term trend.

Faisal Al-Hamad, CEO of NBK Wealth, said:

“Janus Henderson shares our core value of placing clients first and we look forward to embarking on this strategic partnership together. With Janus Henderson’s deep-rooted client relationships, broad suite of investment strategies and global capabilities we are confident that this partnership will deliver positive outcomes for our clients.”

Yaser Moustafa, Head of NBK Capital Partners, said:

“We are very excited to be joining forces with Janus Henderson to solidify our role as the premier destination for institutional capital investing in alternatives in emerging markets. We have a shared commitment to expand private markets solutions in this space.”

Tabula Investment Management

Established in 2018, Tabula has built an institutional-grade investment management and ETF platform with funds listed across 10 European exchanges serving clients across 15 countries. Its team of exceptionally talented professionals have significant ETF market expertise and are led by a highly experienced management team who have built multiple European ETF businesses.

The acquisition will build on Janus Henderson’s successful active ETF business in the U.S., where it is the fourth largest global provider of active fixed income ETFs by assets under management. The Company expects partnering with Tabula will enable Janus Henderson to respond to client demand globally for its investment strategies to include a UCITS ETF wrapper, which is the most ubiquitous ETF structure outside of the US. Janus Henderson is seeking to leverage its global distribution platform and enhance its partnership with its UK and European client base, which is increasingly looking at active ETFs, and to reach key growing markets in Latin America, the Middle East and APAC.

Janus Henderson expects to retain all existing Tabula products and will utilise the platform to launch a range of new active products.

Commenting on the Tabula acquisition, Ali Dibadj said:

“We are delighted to be able to partner with Tabula to help shape the coming evolution in ETFs for European and global investors. This acquisition positions us at the forefront of this burgeoning trend, enabling us to leverage early opportunities for growth and innovation. Tabula's existing infrastructure and ecosystem offers us instant access to an institutional platform that we believe will position Janus Henderson as a trusted and credible player in the European ETF market, and combining the deep expertise of both firms will allow us to deliver on the continuously evolving needs of our clients.” 

Michael John Lytle, Chief Executive Officer of Tabula, said:

“We are very excited to join Janus Henderson in its mission to offer investors market leading investment solutions. Tabula has established a very effective independent ETF business through offering differentiated fixed income ETFs. ​ Janus Henderson is the perfect partner with whom to create a market leading multi-asset ETF toolkit.”