Janus Henderson Group to be Acquired by Trian Fund Management and General Catalyst in $7.4B Take-Private

Janus Henderson Group Acquires Majority Stake in Victory Park Capital Advisors

August 12, 2024

Financial Services

Janus Henderson Group entered into a definitive agreement to acquire a majority stake in Victory Park Capital Advisors (VPC), a global private credit manager headquartered in Chicago. The deal is expected to close in the fourth quarter of 2024 and is subject to customary regulatory approvals, with consideration paid via cash and Janus Henderson common stock.

Bain Capital Takes Envestnet Private in $4.5B Transaction

July 11, 2024

Financial Services

Envestnet, Inc. entered into a definitive agreement to be acquired by affiliates of vehicles managed or advised by Bain Capital, valuing the company at $4.5 billion ($63.15 per share). The deal received stockholder approval and closed in November 2024, taking Envestnet private and removing its common stock from public listing.

Janus Henderson Group to Acquire Richard Bernstein Advisors

January 23, 2026

Financial Services

Janus Henderson Group entered into a definitive agreement to acquire 100% of Richard Bernstein Advisors (RBA), a research-driven macro multi-asset investment manager. The acquisition is expected to close in Q2 2026 and is intended to significantly expand Janus Henderson’s model portfolio and separately managed account (SMA) offerings.

GTCR Acquires AssetMark Financial Holdings in ~$2.7B Take-Private

September 5, 2024

Financial Services

AssetMark Financial Holdings, Inc. (AssetMark) has completed a go-private acquisition by GTCR, a private equity firm, valuing the deal at approximately $2.7 billion. Under the transaction terms, GTCR acquired 100% of AssetMark for $35.25 per share in cash, and AssetMark’s common stock is no longer publicly traded.

Warburg Pincus and Berkshire Partners Acquire TRIUMPH for $3 Billion

February 3, 2025

Aerospace & Defense

Affiliates of private equity firms Warburg Pincus and Berkshire Partners agreed to acquire Triumph Group, Inc. in an all-cash transaction valuing the company at approximately $3.0 billion ($26.00 per share). The deal was announced in February 2025, will take TRIUMPH private upon closing (expected in H2 2025) and closed in July 2025, with Jorge L. Valladares III named CEO as the company transitions to private ownership to accelerate growth and expand capabilities in aerospace and defense.

Guardian Capital LLC Acquires Sterling Capital Management from Truist Financial

February 3, 2024

Financial Services

Guardian Capital Group Limited announced it has agreed for its wholly owned subsidiary, Guardian Capital LLC, to acquire Sterling Capital Management from Truist Financial Corporation. The purchase is for $70 million on closing to buy 100% of Sterling’s equity, subject to customary adjustments and earn-outs, with anticipated closing in Q2 2024.