Mergers & Acquisitions / Joint Ventures

Henderson unveils offer for Gartmore, ties in key managers


Henderson has announced its planned acquisition of Gartmore Group plc, the London-listed fund manager that fell into disarray last year as a result of the departures of its star European equity managers Roger Guy and Guillaume Rambourg.

The proposed deal values Gartmore at some £330 million and is based on a bid of around 92p per share – compared with a flotation price of 220p for Gartmore at the time of its IPO just over 12 months ago.

The combined group will have around £78 billion assets under management and become one of the largest UK retail asset managers. The