Victory Capital said it has withdrawn its proposal to acquire Janus Henderson, ending a deal effort that the company said it would only pursue if the transaction had “full support” from Janus Henderson’s special committee.
The withdrawal comes after Victory Capital had framed the deal as a strategic fit for a business it described as high quality. The company said it remains focused on acquisitions, pointing to eight transactions completed over the past 11 years and saying that strategy has helped make it the best-performing traditional public asset manager since its February 2018 IPO, with total shareholder return of more than 525%.
Victory Capital also disclosed that it had $327.1 billion in total client assets under management as of Feb. 28, 2026.
The company said its acquisition strategy remains unchanged and that it will continue to look for transactions that add size, scale, product expansion and distribution access. Following these announcements, the company's shares moved 0.98%, and are now trading at a price of $67.87. For more information, read the company's full 8-K submission here.
