Janus Henderson, a global asset management firm, has reached an agreement to be taken private by investment groups Trian Fund Management and General Catalyst, according to a report first released by CNBC on Monday.

Under the terms of the transaction, Trian and General Catalyst will acquire all outstanding shares of Janus Henderson for $49 per share in cash, placing the company’s total valuation at approximately $7.4 billion. The offer represents a premium of about 6.5% compared with Janus Henderson’s closing price last Friday and roughly 18% above its closing level on October 24. Prior to the announcement, The Wall Street Journal reported on October 27 that the two investment firms had already initiated discussions with Janus Henderson regarding a potential acquisition.

The companies involved stated that the transaction is expected to be finalized in mid-2026, pending regulatory approvals and customary closing conditions.

Trian Fund Management has been a shareholder in Janus Henderson since late 2020, during which time the company’s stock price has nearly doubled. Trian currently holds significant influence within the firm, including two seats on Janus Henderson’s board of directors.

Nelson Peltz, chief executive of Trian, said the acquisition reflects strong confidence in Janus Henderson’s long-term potential. He noted that the new ownership structure would create opportunities to increase investment in talent, technological capabilities, and client-focused initiatives.

Janus Henderson Chief Executive Officer Ali Dibadj echoed this sentiment, emphasizing that the partnership with Trian and General Catalyst would allow the firm to strengthen its product lineup, enhance client services, expand its technological infrastructure, and attract top industry talent, all with the goal of accelerating future growth.

Following the news of the acquisition, shares of Janus Henderson rose by more than 3% in market trading, signaling positive investor reaction to the deal.