Jupiter Fund Management in £370m offer for Merian
Jupiter Fund Manager on Monday confirmed it had made a £370m takeover offer for Merian Global Investors.
Jupiter said the all-share offer also included an additional deferred earn-out of up to £20m payable to Key Merian shareholders, subject to growing and retaining revenues in their investment strategies.
"The board of Jupiter sees this as an attractive opportunity to acquire a high quality independent active manager that would represent a strong fit with Jupiter in both investment management philosophy and culture. Merian had assets under management of £22.4bn at December 31, 2019," Jupiter said.