Henderson Global Investors completes purchase of Geneva Capital Management

CHICAGO, Oct. 1, 2014 /PRNewswire/ -- Further to the announcement on June 30, 2014, Henderson Global Investors (Henderson) has completed the acquisition of Geneva Capital Management (Geneva).  Founded in 1987, Geneva has assets under management (AUM) of $5.4 billion in US growth equities.

This is an important strategic milestone in the development of Henderson's North American business, adding US equity investment capabilities and extending its US institutional client base. Clients representing over 90% of Geneva's AUM have agreed to the transaction.

Geneva's long track record managing US growth equities, underpinned by a disciplined and consistent investment process, fills an important capability gap for Henderson.

The transaction doubles Henderson's number of US-based investment professionals and quadruples Henderson's US institutional AUM to around $8 billion. It also brings proven institutional distribution capabilities to complement Henderson's successful retail franchise, creating a well-balanced client base, split broadly equally between retail and institutional.

Geneva will continue to employ the same rigorous investment philosophy and process that has been in place since 1987. Its commitment to high quality investment strategy and attention to client service will remain unchanged, and it will continue to operate from Milwaukee, Wisconsin. 

Nicholas Bauer, responsible for Geneva's distribution, will now head US Institutional Distribution as part of an integrated team reporting to Chuck Thompson, Head of North American Distribution.  Nicholas's extensive institutional experience will be an excellent complement to Henderson's growing North American distribution network.

Andrew Formica, Chief Executive of Henderson, said: "The acquisition of Geneva supports our growth ambitions as a global asset manager. It increases our assets under management in the US by approximately 50%, adds investment management expertise in US equities and extends our US institutional client base.

"Clients of both Henderson and Geneva will benefit by gaining access to a wider investment universe while being supported by the resources of a global pure play asset manager."

About Geneva

Founded in 1987, Geneva Capital Management is a US growth equity manager with     assets under management of approximately $5.4 billion as of September 30, 2014, specializing in Mid-Cap and Small-Cap high quality equity growth strategies. The firm is headquartered in Milwaukee, Wisconsin, with a team of 25 including 11 investment professionals.   

Geneva's key investment professionals are co-founders Bill Priebe and Amy Croen, together with managing principals Michelle Picard and Scott Priebe. This team, which has worked together for over a decade, will continue to manage Geneva's rigorous investment process and disciplined approach to portfolio management with commitment to high quality investment strategy and attention to client service.

The firm's client base is comprised of institutional investors and high net worth individuals. Institutional investors include public pension funds, corporate pension and profit sharing plans, non-profit organizations, endowments and foundations. The firm also acts as a sub-advisor to a number of third party mutual funds.  

About Henderson

Henderson is an independent global asset manager, specializing in active investment. Named after its first client and founded in 1934, Henderson is a client-focused global business with over 800 employees worldwide and assets under management of $127.7 billion (as of 6/30/14). Its core areas of investment expertise are European equities, global equities, global fixed income, multi-asset and alternatives. 

Henderson's North American business continues to grow rapidly, doubling its AUM since 2011.  Its Henderson Global Funds mutual funds family reached $10 billion in AUM for the first time in May 2014. 

Further information can be found at www.henderson.com.

Media inquiries

Jaime Doyle, JCPR                   973.850.7308 / [email protected]
Angela Warburton                     +44.207.818.3010 / [email protected]

This press release is solely for the use of members of the media and should not be relied upon by personal investors, financial advisers or institutional investors.

Henderson Global Investors is the name under which various subsidiaries of Henderson Group plc, a UK limited Company, provide investment products and services.

One should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and other important information is available in the Funds' prospectus and summary prospectus which are available at www.henderson.com or by calling 1.866.443.6337.  Please read the prospectus or summary prospectus carefully before investing.  

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SOURCE Henderson Global Investors