Jupiter acquisition from Commerzbank finalised

The acquisition was approved by the FSA back in March with the regulator stipulating that Jupiter and TA Associates take joint ownership of the Jupiter Group, although Jupiter’s management hold a majority stake in the business. Jupiter Group was procured at a sale price of £740m with Jupiter’s shareholders offered the option of buying shares in the new holding company, which most have chosen to do. The chief executive of Jupiter Investment Management Holdings, Edward Bonham Carter, said: “We are delighted to have completed this transaction and to have TA Associates as our partner. "Our ...