Investments

Jupiter Fund Management confirms potential acquisition of Merian Global Investors

The Board of Jupiter Fund Management has responded to recent press speculation surrounding the possible acquisition of Merian Global Investors, confirming in a press release that Jupiter is currently in advanced discussions with Merian and TA Associates regarding a potential acquisition of Merian.

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 AUM of GBP22.4 billion as at 31 December 2019.

While discussions have been underway for some time and the Boards of both Jupiter and Merian are confident that the combination would have the potential to deliver meaningful benefits for the stakeholders of both businesses, discussions are ongoing and there can be no certainty these will lead to a transaction, nor as to the terms on which any such transaction would be concluded.