Jupiter Fund Management to buy Merian for initial 370 million pounds in sharesChristian Fernsby ▼ | February 17, 2020
Jupiter Fund Management announced the proposed acquisition of Merian Global Investors Limited, an independent active asset management firm with more than £22 billion assets under management.
Acquisition Jupiter Fund Management
Topics: Jupiter Fund Management Merian
Merian will be acquired with target net debt of £29 million assuming completion on 1 July 2020, subject to an adjustment if net debt at Completion exceeds this figure and with target net debt of £35 million if completion occurs after the record date for the Jupiter 2020 interim dividend payment.
Downside protection from a purchase price adjustment mechanism to be settled in cash, up to a maximum value of £100 million. ■