The Board of Jupiter has noted the recent press speculation regarding a possible acquisition of Merian Global Investors and has confirmed that it 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 £22.4 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.