Janus Henderson to acquire Tabula Investment Management, an independent ETF provider in Europe with a focus on fixed income and sustainable investment solutions.
The deal, the details of which have not been disclosed, is expected to close in Q2 2024. The firm is also set to acquire NBK Wealth, the wealth management arm of the National Bank of Kuwait Group.
Ali Dibadj, CEO, Janus Henderson, said: “These transactions represent strategic steps to amplify existing strengths and diversify where clients give us the right to win. The M&A pipeline remains active, and these bolt-on acquisitions reflect only the beginning of what we believe will be several future partnerships to meet our clients’ needs and support the growth of Janus Henderson.”
The acquisition will build on Janus Henderson’s successful active ETF business in the US, the firm said, where it is the fourth largest global provider of active fixed income ETFs by assets under management (AUM). The deal will also allow Janus Henderson to meet client demand for investment strategies to include an ETF wrapper, the firm added.
Established in 2018, Tabula operates an institutional-grade investment management and ETF platform with funds listed across 10 European exchanges, serving clients across 15 countries.
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