09:51 AM EDT, 08/12/2024 (MT Newswires) -- Janus Henderson Group ( JHG ) said Monday it has agreed to acquire a majority stake in Victory Park Capital Advisors and its affiliate platform, Triumph Capital Markets.

The cash-and-stock deal is expected to close in Q4, Janus Henderson ( JHG ) said.

The company said it will deliver about $34 million of its common stock at closing.

Janus Henderson Group ( JHG ) added that subject to reaching certain revenue targets, it will deliver a mix of cash and common stock earnout consideration, including up to roughly $27.8 million in common stock, in 2027.

The company said it has been granted options to purchase up to the total remaining minority stake in Victory Park Capital and Triumph Capital Markets over a three-year rolling period starting in 2029.

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